REGisfERED COMPANY NUMBEIL. 03339097 (England and Wales) REGISTERED CHARtTY I%UMBER: 1062191 Report of the Tru$te¢$ and FinAndal Statement$ for the Year Ended 31 M9reh 2024 UK FRIENDS OF THE PERES INSTITUTE FOR PEACE (A COMPANY LIMITED BY GUARANTEE) BBK Partnership Chartered Accountsnts & Statutory Auditors l Beauchamp Court l O Victors Way Barnet Hertfordshire EN5 5TZ
UK FRIENDS OF THE PERES INSTITUTE FOR PEACE Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024 Pagt Report ofihe Trustees Independent Examlner'8 Report Ststement of Financlal Aetivlties BalAnce Sheel Notej to the Finantial Stslement$ 6 to 9 Detailed Stitement of Fin4nel&l Aetlviti¢8 io
K FIUENDS OF THE PERES INSTITUTE FOR PEACE Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with thc aCUting poliries set out in not¢ I to the accounts and comply with the charity's governing document. the Companies Act 2006 and 'A¢UntIng and Reporting by Charities: Statement of Rewmmended Practice applicabl¢ to charities pr¢paring their aunt$ in accordance with the Financial Rep)rting Stsndard applicalble in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods commen¢ing from l January 2016). OBJEcfivES AND ACTJVITIES Objective$ 4nd aRm$ The ¢harity's objectives are the advancement of education and such other charitsble pujposes as the charlty may from time to time decide. Pllbllc benefit The charity's aims w¢re carried out for the public benefit. This was achieved by making grants to the Peres Cenlre for Peace in Israel. In approvin8 those donations, the trustees have paid due r¢gard to guidance issued by ihe Charity Commission in dldIng what activities the charity should undertake. FINANCJAL REVIEW FlnanciRI revlew The charity received donations of £34.855 (2023.. £16,000). During the Course of the year donations totalling £46,0(10 were made (2023, nil). Th¢ trustees havc 85sessed the major risks to which the charity is exposed, and are satisfied that Systems arc in place to miligate exposur¢ lo the major risks. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th¢ charity is a company limitsd by guarante¢ established by m¢morandum and articles incorporated on 25 March 1997. REFERENCE AND ADMINISTRATIVE DETAILS Reg15tered CompAny number 03339097 (England and Wales) RegIsted Chirlty number 1062191 Regi8tered otTiee l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ Trustees Mr S Saffer Director Mr D J Bu¢hler Director Page I
UK FIUENDS OF THE PERES II%STITUTE FOR PEACE Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent ExAminer BBK Parthership Chartered Accountants & Statutory Auditors l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute such amount may be required. not exceeding £10, in the event of a winding up. Approved by order of the board of trustees on 23rd Dee2mber 2024 and signed on its behalf by.. Mr D J Buchl¢r- Trnstee Page 2
Independent Examlner'$ Report to the Trustees of UK Friends of the Peres Institute for peace Independent examiner's report to the trustees of UK Friends of the Pere5 Institute lor pe4ce {'the Company,) I report to the charity trustees on my examination of the ac¢ounts of the Company for the year ended 31 Mar¢h 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are resw)nsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (*he 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statemenl I have completed rny examination. I confinn that no matters have rk)me to my attention in conneclion with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 A¢L' or the accounts do not a¢¢ord with those records. or the accounts do not cornply wilh 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 the accounts have not be¢n prepared in accordanoe with the method5 and principles of the Siatement of Recommended Practice for accountin8 and reportin8 by charilies (applicable lo charities preparin¥ their COUntS in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)). I have no concerns and have come across no other matters in ¢onnection with the ex8mination to which attention should be drawn in this report in order to enable a proper understanding of the a(wunts to be reached. Mr Alan D Kaye FCA BBK Parlnership Chartered Accountants & Statutory Auditors l Beauchatnp Court 10 Victors Way Bamet Hertfordshire EN5 5TZ Date.. 23rd December 2024 Page 3
UK FRIENDS OF THE PERES INSTrruTE FOR PEACE Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 34A(10 355 34,855 16,000 Investment income Totsl 34500 355 3U5S 16,002 EXPENDITURE ON Charltable actlvlties Governance Cost Donations 66 45,645 66 46,1)00 355 Totsl 45,711 355 46,066 NET INCOMEI(EXPENDITURE) (iiJii) (11211) 16,002 RECONCILIATION OF FliNDS Total funds brou¥ht forward 16.072 16,072 70 TOTAL FUNDS CARRIED FORWARD 4,861 4061 16,072 The notss forni part of these financial stat¢ments Page 4
UK FIUENDS OF THE PERES INSTITUTE FOR PEACE Balance Sheet 31 MARCH 2024 31J24 Total funds 31.3.23 Total funds Unrestricted funds Restricted fund Notes CbRRENT ASSETS Cash a¢ bank 4061 4061 16,072 NET CURREwf ASSETS 4,861 4,861 16,072 TOTAL ASSETS LESS CURREIYT LIABILITJES 4061 4,861 J6.072 NET ASSETS 4,861 4,86J 16.072 FUNDS Unrestricted funds 4,861 16.072 TOTAL FUNDS 4.861 16,072 The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for lh¢ year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees a¢knowled8e their responsibilities for (a) ensuring that ihe charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slatsments which give a true and fair view of the state of affairs of the charitable company as at the end of cach financial year and of its surplus or defjcit for each financial year in accordance with the r¢quirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatin8 to financial statements, so far as applicable to the charitable company. {b) These fJnan¢ial statements have been prepared in accordance with th¢ provisions applicable to chariiable companies subject to the small companies regim¢. The financial statements were approved by thc Board of Truslees and authorised for issue .23id.QRoRmb.eK.2Q24and were signed on ils behalf by.. on Mr D J Buchler- TTUStee The notes fonn part of these financial stafrments Page 5
UK FRIENDS OF THE PERES INSTITUTE FOR PEACE otes lo the Finanei81 Statements FOR THE YEAR ENDED 31 MARCH 2024 ACCOiJNTING POLICIES Basiq of preparing th¢ financial sl*tements The financial statements of the charitable company, which is a public beneflt enlity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Rewmmended Practlce applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019}' Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Ineome All income is recognised in the Ststement of Financial Activities once the charity has entitlement to the funds, it is probable that th¢ income will be e1Ved and th¢ amount ¢an b¢ measured reliably. Expendlture Liabilities arc OgniSed exp¢nditUTe as soon as there 15 a legal or ¢onstru¢tive obligation commitling the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruuls basis and has been classified under headings that aggregate aIl cost related io the cate80ry. Where costs Cannot be directly attributed to particular headings they have been allocated io actlvities on a basis consistent with the use of Grants offered subject to Conditions whtch have not been met at the year ¢nd date are noted as a commitment but not aed as expenditur¢. Tgxatfion The charity is exempt from corporation tsx on its ¢haritabl¢ activities. Fund aceountlng Unrestricted funds ¢an be used in aowrdance with the charitable objectives at the discretion of the trnstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in th¢ notes to the financial statements. INVESTMENT INCOME 31J.24 31.3.23 Bank interest received Page 6 continued...
UK FIUENDS OF THE PERES INSTITUTE FOR PEACE Notes to the Fin*nci41 Ststements - continued FOR THE YEAR EliDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remunerdtion or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢tcd funds Restricted fund Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 16,000 16,000 Investment in¢ome Total 16.002 16,002 NET IIYCOME 16,002 16,002 RECONCILIATTON OF FUNDS Total funds brought forward 70 70 TOTAL FUNDS CARRIED FORWARD 16,072 16.072 MOVEMENT IN FUNDS Net movernent in funds At 1.4.23 Ai 31.3.24 Unrestrlrted funds General fund 16,072 (11211) 861 TOTAL FUNDS 16,072 (iiaii) 4061 Net movemcnt in funds, included in the above are follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Oeneral fund 34500 (45.711) (iijii) Restricted fund5 Donations 355 (355) TOTAL FUNDS 3{855 (46,066) (11,211) Page 7 continued...
UK FRIENDS OF THE PERES INSTITUTE FOR PEACE Notes to the Flnancial Statements - conthiued FOR THE YEAR EYDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued Cornparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unre8tri¢ted funds General fund 70 16,002 16.072 TOTAL FUNDS 70 16,002 16,072 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in ndS Unrestricted funds General fund 16.002 16,002 TOTAL FUNDS 16,W2 16,002 A Current year 12 months and prior year 12 months combined position is as follow$.' Net movement in funds Al 31.3.24 At 1.4.22 Unrestrle¢ed funds General fund 70 4,791 4.861 TOTAL FUNDS 70 4,791 4,861 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fiind 50,502 (45,711} 4,791 RtrICted funds Donations 355 {355) TOTAL FUNDS 50,857 (46,066) 4,791 Page 8 continued...
UK FIUENDS OF THE PERES INI STITUTE FOR PEACE Notes to the Financlal Ststements- continued FOR THE YEAR EIIDED 31 MARCH 2024 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 9
UK FRIENDS OF THE PERES INSTITUTE FOR PEACE Detailed Statement of FingnciAI Activitles FOR THE YEAR ENDED 3] MARCH 2024 31.3.24 31.3.23 17¥COME AND ENDOWMEN]S Donations and legaeies Donations 34055 16,000 Investment income Bank interest received Total incoming resources 34,855 16,002 EXPENDITURE Charltable Actlvltles Grants to the Peres Centre 46,000 Support ¢08ts Finanee Bank charges 66 Totsl resources expended Net (expendltureylncome 46,066 (112ll) 16,002 This page does not fom part of the statutory financial statements Page 10