Brldges For Peace U.K. Ltd. Charity No, 1014411 Company No. 02728884 Trustees, Report and Unaudited Accounts 31 December 2024
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Brldgos For Peace U.K, Ltd. Trustees Annual Report The trustees, who are also directors of t.he charltyfor the purposes of the Companies Act 2006, present their report wlth the unaudlted Ilnancial statements of the charity for the year ended 31 Dec8mber 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 02728884 Charlty No. 1014411 Prlncipal Office Of flce 18 M aesteg B usiness Centre Heol Ty Gwyn Industrlal Estate Maesteg CF34 OBQ Registered Office Olflce 18 Maesteg Business Centre Heol Ty Gwyn Industrlal Est. M aesteo CF34 OBQ Directors and Trustees The Directors ol the charitable company are Its Trustees forthe purposes of charity law. The foll Dwing Directors and Tru8tees served d u ring the year.. (Reslgned 4 February 2025) R. Bowyer P, Fast R. Hill S. Southall J. WoDdford {Resign ed 1 April 2025) Accountants Robert Cole & Co Off Ice 2 Llynf i Ent. Centre Heol Ty Gwyn Ind. Estate Maesteg CF34 OBQ Bankers Barclays Bank PIC 48 Statlon Road Port Talbot SA12 1LJ Page 2
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Bridg£s For Peace U.K. Ltd. Trustees Annual Report Project Rescue We helped 4,608 Jews Immlgrate to Israel, bringing the total number of 18wish people we have 'rescued to 114,402. We also support soup kitchens in Ukralne and Slberia and provided heaters, medlclne, clothing, and other needs for destitute JEwish people who cannot emigrate. UK volunteers In Israel During 2024, we had four lull-tlme volunteers in Israel. Chrlstlan and Jewish relatlons in the UK- We were agaln able to attend and facilitate events through 2024, attend I ng special eve nts, Jewlsh testlvals an d Jewlsh Ch rlstlan march es in Lond on and Cardiff f or the Jewish hostages in Gaza. Bridges for Peace depends on the support of its volunteers, which Is much appreciated. In 2024, Bridges lor Peace had 4 volunteers In Israel who donated 8,000 hours volunteering in the offlces and food banks. One UK volunteer donated 100 hoLirs in the offlces, totalllng 8,250 hours. The UK representatlve volunteers undertook150 hours representlnu, attendlng and mavtshalling events on behalf of the Charity over the year, It Is estlmated that wlthout the help of volunteers and representatlves, Brldges for Peace would need to flnd £100,733 to obtaln sl m ilar services. The arrangeme nts wlth volunteers ar8 diff Icult to value precis81y in monetary terms and have not been recognised in the Statement of Financlal Activltles. The volunteers and the charlty accept and agree that no contract of employment is created by these activities. ACHIEVEMENTS AND PERFORMANCE A summary of the main achievements of the charity, identilying the dlfference the charity's work has made to Its beneficiaries and society as a whole: During 2024 Brldges for Peace has endeavoured to promote the Charlty across all parts of the U nlted Kingdom, Feed a Chlld Programme currently meets the needs of 619 children In 11 schools. We are now in oursecond decade of brlnging hope to the Israell chlldren. UK donors help support on average 53 Ghildren each year. The programme provides a hot meal every school day, textbooks, backpack, dentistw, School supplles and participation in all school outlngs, events and after school programmes. The Adoptlon Program provides a much-needed safety net for 90 famllles who are currently on the adoption programme, including 57 students who are struggling to become fluent in Hebrew and established In Israel. UK donors currently support 34 families and Indivlduals in Israel, In 2024, we dlstributed 1,944 cheer baskets In the land of Israel. The breakdown Is as follows,. 367 to Children and families on the programme, 378 Holocaust survivors on their birthdays, 365 at Purlm, 8 to mothers and new-borns, and 1,944 welcome cheer baskets. UK donors have sent 80 cheer baskets to Israel. In 2024, ourfood banks purchased and distributed a total of 397,130 kg (875,671 Ibs) of food, feeding an average of 24,109 people per month. Direct aid was given to 23 communltles through our Adopt an Israeli Town Programme. The UK has 3 donors who support a town, and we assisted 57 organisations that dlstribute food to the needy In communitles all over Israel, as well as slx Christlan Arab organisations. UK donors contrlbuted £15,522 towards the programme. FINANCIAL REVIEW The Trustees consider the flnancial performance of the Charity during the yearto have been satisfactory. Speclflc changes In fixed assets are detailed In the nates to the accounts. The board of trustees Is satislled that the charlty's assets in each lund are avallable and adequate to fulfll Its obligations in respect of each fund. In 2024, Bridges for Peace was able to sustain our reserves and exceed our commltments to Bridges for Peace International. We were able to transfer donatlons for the Ezra Projects in Israel and fulfll our donors request. Page 4
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Bridges For Peace U.K. Ltd. Independent Exatniners Report Independent Examiner's Fleport to the trustees of Bridges For Peace U,K. Ltd, I report to the charity trustees o n my examination of th e financlal state m ents ot Brldges For Peace U.K. Ltd. for the year ended 31 December 2024. Responslbllitles and basls of report As th e charlty's trustees of th e com pany (and also its directors f or the purposes of company lawl yo u are responslble forthe preparation Df the flnancial statements in accordance wlth the requlrements of the Companies Act 20061'the 2006 Act). Havlng satlsfled myself that the financlal statements of the Charity are not requlred to be audlted under Part 16 01 the 2006 Act and are eligible for independent examlnatlon, I report In respect of my examination of your charity's financial statements as carrled out undersectlon 145 of the Charltles Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commlsslon under sectlon 145(5) (b) Df the 2011 Act. Independent examiner's statement As the charity's gross Income exceeded £250,000 yOLEr examlner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnatlon because l am a member of - Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examlnatlon. I can conflrm that no material matters have come to my attentlon In connection with the examination giving me cause to believe.. accounting records were not kept in accordance with sectlon 386 of the 2006 Act. or the flnanclal statements do not accord with those records. or the flnanclal statements do not comply wlth the aGcountlng requirements undersection 396 of the 2006 Act other than any requlrement that the flnanclal statements give a'true and fair, vlew whlch Is not a matter considered as part of an independent examlnatlon. or the linancial statements have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparlng thelr accounts In accordance with the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland {FRS1021. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn In this report In order to enable a proper understandlng of the flnanclal statements to be reached. Robert Rogercole Association of Chartered Certlfied Accountants Robert Cole & Co Off Ice 2 Llynf l Ent. Centre Heol Ty Gwyn Ind. Estate Maesteg CF34 OBQ 10 July 2025 Page 6
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Bridg,es For Peace U.K. Ltd. Summary Income and Expenditure Account forthe year ended 31 December 2024 2024 2023 Income 388,689 337,300 Interest and Investment Income 1,353 765 Gross Income for the year Expendlture 390,042 388,117 338,065 330,744 Depreciatlon and charges for Impalrm e nt of f ixed assets 162 217 Total expenditure for th8 year Net Income before tax for the year 388,279 1,763 330,961 7,104 Net income for the year 1,763 7,104 Page 8
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Bridges For Peace U.K. Ltd. Notes to the Accounts for the y8ar ended 31 December 2024 1 Accounting policies Basis of p reparation The flnancial statements have been prepared In accordance wlth Accounting and Reporting by Charltles: Statement of Flecommended Practlce applicable to charltles preparlng thelr accounts In accordance with the Financial Reporting Standard applicable In the UKand Flepubllc of Ireland (FRS 102) (effective 1 January 2015) (Charltles SORP {FRS102)), the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS102) and the Companles Act 2006. Change in basls ol accountlng or to previous accounts The flnanclal statements are presented in Sterllng whlch Is the functlonal currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest pound. The slgnlflcant accountlng pollcles applied In the application ol these financial statements are set out below. These pollcles have been consistently applled to all years presented unless otherwise stated. No significant judgements have had to be made by the trustees in preparlng these flnanclal statements, The trustees are not aware of any materlal uncertainties about the charlty's ablllty to contlnue as a golng concern. Fund accountino Unrestricted funds These are available for use atthe discretion of the trustees in furtherance of the general objects of the charity. Deslgnated funds These are unrestrlcted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestrlcted funds which Include a revaluatlon reserve representlno the restatement of investment assets at thelr market values. These are available for use subject to restrlctions imposed by the donor Dr through terms of an appeal. Restricted lunds Page10
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BrIdS For Peace U.K. Ltd. Notes to the Account5 Tangible fixed assets and depreciation Depreciation Is provided at the following annual rates in order to write off each asset Dver Its estlmated usef ul lif e., Offlc8 equlpment 20% Straight Ilne Stocks Stock is included at the lower Df cost or net realisable value. Donated items of stock are reGognised at lair value whlch Is the amount the charlty would have been wllllng 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 equivalents Cash and cash equlvalents comprlse cash at bank and on hand, demand deposits wlth banks and other short-term hlghly Ilquld Investments wlth orlglnal maturltles of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statem8nt of Cash Flows, 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 manag8ment. Trade and other creditors Short term cred Itors are measured at the transaction prlce, Other cred itors and provlsio ns are recogn Ised where the charlty has a present obllgation resulting from a past event that wlll probably result In the transfer of lunds 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 dlscounts due, Leased assets Where the charlty enters into a lease whlch entails taking substantially all the risks and rewards of ownershlp of an asset, the lease Is treated as a flnance lease. Leases which do n Dt transler su bstantlally all the rlsks and rewards of ownersh Ip to charlty are classlfled as operatlng leases. Assets held under finance leases are initially recognised as assets ol the charity at their fairvalue at the Inception of the lease or, If lower, at the presBnt value of the mlnlmum lease payments. The corresponding Ilability to the lessor is Included In the balance sheet date as a finance lease obligation. Lease payment8 are apportloned between flnance expenses and reduetlon of the lease obllgatlon so as to achieve a canstant rate of interest on the remainlng balance of the Ilabillty. Finance expenses are recognlsed Immedlately, unless they are directly attributable to qualifying assets, in whlch case they are capitalise d in accordance with the charity's policy on borrowing Gosts. Assets held underflnance leases are depreclated In the same way as owned assets. Operatlng lease payments are recognlsed as an expense on a stralght-llne basls over the lease term, In the event that lease incentlves are received to enter Into operatlng leases, such Incentlves are recognlsed as a Ilablllty. The aggregate benefit of Incentlves Is recognised as a reductlon of rental expense on a straight-line basis, Page12
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Brldg,es For Peac8 U.K. Ltd. Notes to the Accounts 4 Income from donations and legacies Unrestricted Flestricted Total 2024 Total 2023 Ministry Greatest Need {Israell M inistry Greatest Need (UK) 314,077 314,077 252,823 74,612 74,612 74,612 388,689 84,477 337,300 314,077 The above income include3 the followlng legacles recelved.. 2024.. H Wlshart (restricted funds} £3,000, E Fforestewr (restricted funds) £16,269, M M oyle (restrlcted funds) £49,191 & M M oyle (unrestrlcted lunds) £25,00012023 - R A Shaw lunrestrlcted funds) £1,000 & M Hutton (unrestrlcted funds) £5,062. 5 Income from Investments Unrestricted Total 2024 Total 2023 Interest received 1,353 1,353 1,353 1,353 765 765 6 Expenditure on raising funds Unrestricted Total 2024 Total 2023 Gosts of generating voluntary income Ministry Greatest Need (UK) 30,458 30,458 30,458 30,458 34,359 34,359 7 Expenditure on charitable activities U n restricted Ftestricted Total 2024 Total 2023 Fxpendlture on charltable activitles Mlnlstry Greatest Need (Israe l) Promoting BFP GovernanGe costs 239,226 239,226 189,532 1,364 1,364 13,611 1,364 239,226 240,590 203,143 Page 14
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Bridges For Peace U.K. Ltd, Notes to the Accounts 11 Tangible flxed assets Off ice equipment Total Cost or revaluation At 1 January 2024 Addltlons At 31 December 2024 Depreciation and impairment At 1 January 2024 Depreclatlon charge f or the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 12 Stocks 10,349 3,319 13,668 10,349 3,319 13,668 9,702 9,702 162 162 9,864 9,864 3,804 647 3,804 647 2024 2023 Finished goods 9,741 9,741 11,678 11,678 Carrying val ue analysed by activiti es 2024 2023 M i nistry G reatest N eed Ilsraell 9,741 9,741 11,678 11,678 13 Debtors 2024 2023 Otherdebtors 2,910 2,910 3,770 3,770 14 Creditors.. amounts falllno due wlthln one year 2024 2023 Trade cred itors Othertaxes and social securlty Accrual8 4,611 3,776 1,546 9,933 4,182 3,969 10,234 18,385 Page16
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Bridges For Peace U.K, Ltd. Notes to the Account5 18 Commitments Operating lease commitments Annual commitments under non-cancellable operatlng leases are as follows. 2024 Land and buildings 2024 2023 Land and bulldings 2023 Other Other Operatlng leases wlth explry date,. Wlthln one year 4,751 4,751 4,751 4,751 Pension commltments 2024 2023 The penslon cost charge to the company amounted to.. 890 673 19 Related party disclosures Controlling party The company is limited by guarantee and has no share Lapital,. thus no single party controls the rompany. There were no transactlons wlth related parties in the year. Page 18
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,Bridges For Peace U.K. Ltd. Detailed Statement of Flnancial Actlvities G eneral ad m In Istrative costs, Including depreclation and amortisation Depreclatlon of Offlce equlpment Bank charges Equlpment leasing and hlre charges Software, IT support and related costs Statlonery and prlntlng Subscrlptlo ns Sundry expenses Telephone, fax and broadband 162 2,514 162 2,514 217 2,879 6,344 6,344 10,341 3,091 2,313 3,091 3,990 146 1,847 1,889 19,983 3,990 146 1,847 1,889 19,983 4,795 120 1,111 1,668 23,444 Legal and prof essional costs Auditllndependent examlnatlon fees Accountancy and bookkeeping Other legal and professional costs 1,176 1,176 1,176 12,009 12,009 9,629 40 40 40 13,225 117,231 149,053 13,225 117,231 388,279 10,845 93,459 330,961 Total of expenditure of other costs Total expenditure Net galns on investments 239,226 Net income (73,088) 74,851 1,763 7,104 Transfers between funds 65,392 165,392) Net income before other gai nsl(l osses) Other Gains (7,696) 9,459 1,763 7,104 Net movement in funds (7,6961 9,459 1,763 7,104 Reconciliation of lunds.. Total funds brought forward 91,650 9,362 101,012 93,908 Total f u n ds carried f orward 83,954 18,821 102,775 101,012 Page 20