Registered number.. 04094203 Charity number.. 1084272 UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} CONTENTS Page Refgrence and Administrative Details of the Company, its Tru$teg$ and Advi$grs Trustees. Report Independent Auditors. Report on the Financial Statements 7-10 Consolidated Statement of Financial Activities Consolidated Income and Expenditure Account Consolidated Balance Sheet 12 13 Company Balance Sheet 14 Con501idated Statement of Cash Flows 15 Notes to the Financial Statement$ 16-28
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Z. C. Remez P. A. Sussmann J. E. Swidler R. J. Kemp Company registered number 04094203 Charity registgrgd number 1084272 Registered office 1 st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL Principal operating office Unil 7, 56b Crewys Road, London, NW2 2AD Company secretsry Z. C. Remez Honorary president E. Hellerslein Independent auditors Wilder Coe Ltd, Chartered Accountants & Statutory Auditors, 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL Page 1
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees Iwho are also directors of the charity for the purpose of the Companies Acll present their Annual Report together with the audited financial statements of UK Friends Of The Asg)cialion For The Wellbeing Of Israel's Soldiers Ilhe company and the group) for the year 1 April 2021 10 31 March 2022. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current slalutory requirements. the requirements of the charitable company's governing document and the provisions of the statement of Recommended Practice ISORPI applicable lo Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191 Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 Istralegic Report and Directors, Report) Regulations 2013 has been omilled. Objectives and activities . POLICIES AND OBJECTIVES The principal objedives of the charity as set out in the governing documents are.. The relief of need and suffering of serving and discharged Israeli soldiers and their families., 2. The advancement of education of serving and discharged Israeli soldiers,. and 3. To provide or assist in the provision of facilities for recreation or other leisure lime occupations in the interest of social welfare. There have been no changes in the objectives since the last Annual Report. b. STRATEGIES FOR ACHIEVING OBJECTIVES The strategies employed lo achieve the Charity's aims and objectives include undertaking fundraising activities and events lo raise money to be able to donate lo Israel through the connected charity The Association for the Wellbeing of Israel's Soldiers in Israel and other approved organisations so that the funds Can be spent to meet the above objectives. c. PUBLIC BENEFIT The Trustees confirm that they have, in the adminislralion of the charity, paid due regard lo the public benefit guidan published by the Charity Commission under section 4 of the Charities Act 2011. Page 2
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Achievements and performance . REVIEW OF ACTIVITIES In pursuit of the objeelives listed above, the charity and its subsidiary undertook the following aelivities during the period". The charity held virtual fundraising events as well as an in person event l¢)wards the end of the year which contributed to the donations received by the group. The charity received donations including gift aid in the year lotaling £262,242 IAS resl8ted 2021." £364,217). Donations are made at the full discretion of the Iruslees of UK Friends of the Association of Israel's Soldiers I'UK Friends of AWIS"), and are given only to support projects that the Trustees deem to be consistent with the objectives of UK Friends of AWIS. The Trustees re9ularly Iiavel lo Israel to ensure that the funds sent from the UK are applied consislenlly with the charity's objectives. The eharity does not undertake projects directly themselves bul provides funding for projects being undertaken by other organisations that have been pre- approved by the Trustees. The total level of donations made to other eharilies lolalled £121,82212021." £155,544). Example of projects that were funded and the level of funding provided during the cuirent year are." Embrace project - £34.060 to provide funding for the Israel Defense Force lo help with the well-being of soldiers as specified by their Commanders inclLJding lone soldiers, injured soldiers, including the observance of religious and nats'onal holidays. Scholarships - £21,620 (£11,260 relating to IMPACT scholarships, £10,000 relating lo Uniform to University Project) which provides funding for underprivileged former Israeli soldiers lo obtain higher education by overing the full cost of ILJilion at an accredited institution as well as related expenses such as textbooks. AWIS-Israel for various welfare projects - £53,665 Refurbishing leisure faulities for recreational purposes- £12,477 Financial review . RESERVES POLICY The charity had total funds of £440,706 as at 31 March 2022 IAS restated 202t.. £474,854). The charity's subsidiary undertaking, UK AWIS Trading Limited had equity shareholders, funds of £2 as at 31 March 2022 12021. £21 Donations received by the charity are applied for the purposes of the charity as soon as it is practicable. The charity retains sufficient reserve funds lo meet expenses. No reserves are designated. b. PRINCIPAL FUNDING The charity is funded through donations received throughout the year. Expenditure during the year is mainly in relation to the fundraising events and initiatives which are organised in order to raise money lo meet the objectives of the charity. Page 3
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Structure, govemance and management . CONSTITUTION The company is registered as a eharilable company limited by guarantee and was set up by a Memorandum of Association on 12 October 2000. The company's charity number is 1084272 and ils registered company number is 04094203. The company is registered al the following address". 1 st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Group and the Company is the resF)onsibilily of the Trustees who are elected and co- opted under the terms of the Artides of Association. Trustees are appointed at the diserelion of the acting Ituslees at the Annual General Meeting. There is no sel policy in plaee for the induction and training of new trustees and this is arianged as required. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity holds 8 100Vo shaieholding in UK AWIS Trading Limited, whole principal aelivity is lo support fundraising for the charity through ils trading activities. The are no other members of the group. The board of Trustees, of a minimum of three members, administers the charity. The Trustees who serviced during the year were as follows.. Z. C. Remez P. A. Sussmann J. E. Swidler R. J. Kemp The honorary president is E. Hellerstein. The company s bankers until August 2021 were Bank Leumi IUKI plc, 20 Stratford Place, London, W1 C 1 BG. The company's new bankers are National Weslminsler Bank plc, Chatham Rcsc, Wesletn Avenue, Waterside Court, Chatham Maritime, Chalham, Kent, ME4, 4RT. The company's auditors are Wilder Coe Ltd, Chartered Accounlanls & Statutory Auditors, 1 st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL. d. PAY POLICY FOR SENIOR STAFF All directors, who are also trustees of the charity, give their time frlY and no director received remuneration in the period1202t.. £Nil). Page 4
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Structure, govemance and management {continued} e. RELATED PARTY RELATIONSHIPS The charity has a very close relationship with The Association for the Wellbeing of Israel's Soldiers in Israel, a charity registered and operating in Israel. A summary of transactions with this party is set out in note 16 to the financial statements. f. RISK MANAGEMENT The Trustees have assessed the major risks lo which the Group and the Company are exposed, in particular those related lo the operations and finances of the Group and the Company, and are satisfied that systems and procedures are in place lo mitigate exposure lo the major iisks. Plans for future periods . FUTURE DEVELOPMENTS The charity's plans for the future are consistent with the objectives identified within this reFX)rt. The charity will continue to support and fund projects and activities in line with the objectives as the Trustees see fit. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also the directois of the Company for the purposes of company lawl are responsible for preparing the Ttuslees, Report and the financial slalemenls in ac(x)Idance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. Company law requires the Trustees lo prepare financial statements for each financial . Under company law. the Trustees must not approve the finanoal statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. seled suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP.. make judgments and accounting estimates that are reasonable and prudent.. and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable Group will continue in operation. The Trustees are responsible for keeping adequate aceounling records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy al any lime the financial position of the Group and the Company and enable them lo ensure that the financial stslemenls comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
UK FRIENDS OF THE 0ClArK FOR THE WELLBEING OF ISRAELE SOLDIERS (A CThwy Limlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2022 DISCLOSURE OF INFORMATION TO AUDrroRS Each of Ihe per$ who 8re Tn at the thi8 Trnstaes. R8POrt L8 approved has conlSm8d that.. so faf as th8t Trustee is awars, there aLwJil )ntiOn of which the charitable group's auditors are unaware. that Trustee has taken al Ihè 5tw that OLWt to have b88n taken aj a TnBtse In order to aware of any ielevanl Inf(Thakn to ewlish t tho chathabkn group's altOrS ar6 aware of that infomatlon. AUDITORS The audltors. Wilder Coe Ltd. h8ve kndicaknj thetr **llngne$8 to ¢xJntlnu8 In office. The deshjnated Tru$lee8 wlil proposo a motion reappintith3 th• authtorn 8t a meeUThJ of Ihe Tnth•& 30 January 2023 Thts rgwt wa8 approv•J by th• TnMto88. (......................................................... arKI 8¥Jned on Ih8lr b8h¥lf by.. P. A Su8wFwin tTru$teg
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS Opinion We have audited the financial slalements of UK Friends of the Association for the Wellbeing of Israel's Soldiers Ilhe 'parent charitable company'l and ils subsidiaries Ilhe 'group'} for the year ended 31 March 2022 which comprise the Consolidated Stslemenl of Financial Aclivilies, the Consolidated Income and Expenditure Account, the Consolidated Balan Sheet, the Company Balance Sheet, the Consolidated Slalemenl of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements.. give a true and fair view of the slate of the Group's and of the parent charitable company's affairs as al 31 March 2022 and of the Group's incoming resources and application of reSoUrs, including ils income and expenditure for the year then ended, have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice", and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our aLJdil of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical resFX)nsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the finanual statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doLJbt on the Group's or the parent charitable company's ability to continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the TrLJslees with respect to going concern are described in the relevant sections of this report. Page 7
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS ICONTINUED) Other information The other information comprises the information included in the Annual Report other than the financial slalements and our Auditors, Report Ihereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial slalemenls does not cover the other information and, exp1 lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the worf( we have performed. we conclude that there is a material misslatemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertsken in the course of the audit.. the information given In the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial stalemenls., and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which wg aro required to report by oxception In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing lo report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report to you if, in our opinion.. the parent charitable eompany has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us, or the parent charitable company financial statements are not in agreement with the accounting records and returns., or certain disclosures of Trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit., or the Trustees were not enlilled to prepare the financial statements in accordanTr with the small companies Tegime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Page 8
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS ICONTINUED) Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misslatemenl, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's abilily to continue as a going concern, disclosing. as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the Group or the parent charitable company or to Cease operations, or have no realistic allernalive bul lo do so. Auditors, responsibilities for the audit of the financial statements Our objectives are tr> obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due lo fraud or error, and lo issue an Auditors, Report that includes our opinion Reasonable assurance is a high level of assuran, bul is not a guarantee that an audit Conducted in accordance with ISAS IUKI will always delecl a material misstalemenl when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design prwedures in line with our responsibilities, outlined above, to detect material misslalements in respect of irregularities, including fraud. The exlenl to which our procedures are capable of delecling irregularities, including fraud is detailed below.. Discussions with and enquiries of management and those charged with governance were held with a view lo identifying those laws and regulations that could be expected lo have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as lo where and how fraud may occur in the enlily. The following laws and regulations were identified as being of Significan lo the entity.. Those laws and regulations considered lo have a direct effect on the financial slalemenls include UK financial reporting standards, Company Law and Charity Law. Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations} comprised of". enquiries of management and those charged with governance as lo whether the entity complies with such laws and regulations", enquiries with the same concerning any actual or potential litigation or claims", inspection of relevant legal correspondence. review of board minutes, and the perfOMan of analytical review to identify unexpected movements in account balanS which may be indicative of fraud. No instances of material non-complian were idenb'fied. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and exlenl of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misslatemenls may not be detected, even though the audit has been planned and performed in accordance with ISAS IUKI. Page 9
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guaranteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS ICONTINUED) Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and lo the charitable company's Iruslees, as a body, Part 4 of the Charities (Accounts and Reports) RUlationS 2008 Our audit work has been undertaken so that we might slate lo the charitable company's members those mallers we are required lo state lo them in an Auditors, Report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charitsble company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Charlotte Willmore BFP ACA {Senior Statutory Auditor) for and on behalf of liJknfyLEd Wilder Coe Ltd Chartered Accountants & Slalutory Auditors 1 st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL 30 January 2023 Page 10
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 As restated Total funds 2021 Unrestricted funds 2022 Total funds 2022 Note INCOME FROM: Donations, legacies and grants 262.242 262.242 364,217 TOTAL INCOME 262,242 262,242 364.217 EXPENDITURE ON.. Raising funds Charitable activities 157,638 138,752 157,638 138,752 178,404 172,122 TOTAL EXPENDITURE 296,390 296,390 350.526 NET MOVEMENT IN FUNDS 134.1481 134.1481 13.691 RECONCILIATION OF FUNDS: Total fLJnds brought forward 13 474.854 474.854 461,163 TOTAL FUNDS CARRIED FORWARD 440,706 440,706 474.854 The notes on pages 16 10 28 form parl of these financial statements. Page11
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 As restated Total funds 2021 Total funds 2022 Note GROSS INCOME IN THE REPORTING PERIOD 13 262,242 1296.3901 364.217 (350,526) Less. Total expenditure NET INCOME FOR THE FINANCIAL YEAR 134,1481 13.691 The notes on pages 16 10 28 form parl of these financial statements. Page 12
UK FRIENDS OF THE ocIATIoN FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) REGISTERED NUMBER: 04094203 CONSOUDATED BALANCE SHEEr AS AT 31 MARCH 2022 As reststed 2021 2022 Not• FIXED ASSETS Tangiblo assets CURRENT ASSETS Debtors Cash at bank and In hand 22,324 23,6fj1 468.018 4873 491,6T9 Credlltts.. arrwjunts falllrKJ duo ¥Athln on yoar 12 (46,$001 (16,825) NET CURRENT A3SErs 440.706 474.854 NEf ASSETS 440.706 474,854 CHARifY FUNDS Unrstrict8d funds 440.706 474.854 TOTAL FUNDS 440.706 474,854 The TnJ8ts08 Ihwr reSpOnblI1@S for cornng the rnquiromwts of th• Act respect to a¢countsng records and preparallon ol fina81 slatemants. The nancIal ststements have been preparsd in a(xonlanc tr wo¥1$KS 9ppIKXb to gntlugs $ubject to the small companles reglmg. 30 January 2023 The financial stBlements wère apwoved and author for18wo bythe Tru*es on .........................................., and signed on their bghaif by. P. A Sussm•nn ITrustBg1 Tho notos on pag8s 16 to 28 fomi part of these finaThial slatemenls. Page 13
UK FRIENDS OF THE ASSOCIAT1014 FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Umited ty Guarantse) REGISTERED NUMBER.. 04094203 COMPANY BALANCE SHEEr AS AT 31 MARCH 2022 As r&s18t8d 2021 FIXED ASSETS Tangle assets Investments 10 CURRENT A8SErs Debt6 Cash at bank and In h8nd 1&461 467.998 487266 484,459 Cr•dltors.' arrthjnts faUlrwJ due thIn on8 ye8r 12 {46.562) 19.607) NET CURRENT ASSET8 440.704 474,852 NET ASSETS 440.706 474,854 CHARrrY FUND8 Unrè$lricled lunds 440,706 474,854 TOTAL FUNDS 440.706 474,854 The Companys n•t movwnent in fLwKls lor the ywrw88 q34.148) (2021 . £13,691). The Trustees 8cknovAedge ihÈir wp0nsibilrtS for compfying with fv requlrements of the Act wlth respect lo accountiro recoyrls and preparation of financlat ststements. Tho financLql Staiemerts have prepared trt vAth th& promslons applicab to •nlfjes 3ubl?ct to the small companth reglmg. The flnanclal Statèments apwovod ond aulhlvknl lor Isw8 by Trustees on............................................ and signed w thair bohaff ty. 30 January 2023 P. A Sussmann ITnJsteel The notes on pag88 16 to 28 form port ofthese finan¢W stalmnts. Pag8 14
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 As restated 2021 2022 Note CASH FLOWS FROM OPERATING ACTIVITIES Net cash Ljsed in operating activities 13,0761 13.354 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 13,0761 468,018 13,354 Cash and cash equivalents al the t)eginning of the year 454,664 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 464,942 468.018 The notes on pages 16 10 28 form parl of these financial statements Page 15
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 GENERAL INFORMATION UK Friends of the Association for the Wellbeing of Israel's Soldiers Iwmpany number.. 04094203, charity number.. 10842721, having ils registered office al 1 sl Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL and ils trading address al Unil 7, 56b Crewys Road, London, NW2 2AD, is a charitable company limited by guranlee incorporated in England and Wales. ACCOUNTING POLICIES 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities." Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. UK Friends of the Association for the Wellbeing of Israel's Soldiers meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. The Consolidated Slalemenl of Financial Activities ISOFAI and Consolidated Balance Sheet consolidate the financial statements of the o)mpany and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented ils own Slalemenl of Financial Activities in these financial statements. The SOFA of the company shows a nel deficit of £34, 148 (As stated 2021.. £13.691 surplus) 2.2 Company status The company is a company limited by guarantee the members of the company are the Trustees named on page 1. In the event of the company being wound up. the liability in respect of the guarantee is limited lo £10 per member of the company. 2.3 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the group and which have not been designated for other purposes Page 16
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES (CONTINUED) 2.4 Income All income is recognised On the company has enlillement lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, enlillemenl is taken as the earlier of the date on which either.. the company is aware that probate has been granted, the estate has been finalised and notification has been made by the execulorlsl lo the Trust that a distribution will be made, or when a distribution is reiVed from the estate. Receipt of a legacy, in whole or in parl, is only considered probable when the amount can be measured reliably and the company has been nolilied of the execulorfs intention lo make a dislribulion. Where legacies have been notified lo the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been mel, then the legacy is treated as a conlingenl assets and disclosed if material Grants are included in the Consolidated Stslement of Financial Activities on a receivable basis The balance of income reiVed for specific purposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Vvhere income is received in advance of enlillemenl of receipt. its recognition is deferred and included in creditors as deferred income. Where entillemenl occurs before income is received, the income is accrued. Income lax recoverable in relation lo donations reiVed under Gift Aid or deeds of covenant is recognised al the lime of the donation. 2.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating informats'on in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out al Headquarters. Governance costs are those incurred in connection with adminislralion of the company and Complian with conslilulional and stalulory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating lo the governance of the company apportioned to charitable activities. Page 17
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES (CONTINUED) 2.6 Tangible fixed assets and depreciation All assets costing more than £100 are capitalised. Tangible fixed assets are initially recognised al cost After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the slraighl-line method. Depreciation is provided on the following basis.. Fixtures and fillings 250h slraighl-line 2.7 Investments Investments in subsidiaries are valued at cost less provision for impairment. 2.8 Deferred taxation Full provision is made for deferred lax assets and liabilities arising from all liming differences between the recognition of gains and losses in the financial statements and recognition in the tax computation. A nel deferred lax asset is recognised only if il can be regarded as more likely than not that there will be suitable tsxable surpluses from which the future reversal of the underlying timing differences can be deducted. Deferred lax assets and liabilities are calculated at the tax rates expected lo be effective al the lime the liming differences are expected lo reverse. 2.9 Operating leases Rentals paid under operating leases are charged lo the Consolidated Statement of Financial Activities on a slraight-line basis over the lease term. 2.10Government grants Government grants are credited lo the Consolidated Slalemenl of Financial Activities as the related expenditure is incurred. 2.11 Foreign currencies The company's functional and presenlalional currency is British Pound Sleding IGBPI. Monetary assets and liabilities denominated in foreign currencies are translated into sterling al rates of exchange ruling al the Balance Sheet dale. Transactions in foreign currencies are translated into sterling at the rale ruling on the dale of the transaction. Exchange gains and losses are recognised in the Consolidated Statement of Financial Activities. Page 18
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES (CONTINUED) 2.12 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group,. this is normally upon nolificats'on of the interest paid or payable by the Bank. 2.13 Debtors Trade and other debtors are recognised al the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.14 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.15 Creditors and provisions Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anlicipales it will pay lo settle the debt or the amount il has received as adVand payments for the goods or seNices il musl provide. 2.16 Financial instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their selllemenl value with the exception of bank loans which are subsequently measured al amorlised cost using the effective interest method. 2.17 Taxation The Company is considered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the Company is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Parl 11 of the Corporation Tax Act 2010 or Sedion 256 of the Taxation of Chargeable Gains Ad 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 19
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 STAFF COSTS Group 2022 Group 2021 Company 2022 Company 2021 Wages and salaries Social security costs Conlribub'on lo defined contribution pension schemes 32,714 48. 194 464 32,714 48. 194 464 803 1,089 803 1,089 33,517 50,347 33,517 50,347 The average number of persons employed by the Company during the year was as follows.. Group 2022 Group 2021 Company 2022 Company 2021 Trustees Adminislralion No employee received remuneration amounting to more than £60,(x)O in either year. During the year, the honorary president, E. Hellerstein, received fees of £50,789 (As restated 2021." £46.5821. During the year, no Trustees received any remuneration, benefits in kind or reimbursement of expenses 12021. £NiQ. AUDITORS. REMUNERATION 2022 2021 Fees payable lo the Company's auditor for the audit of the company and group's annual accounts Fees payable lo the company's auditor and ils associates in respect of.. The auditing of accounts of associates of the company Accountancy and payroll seNices 6,693 6,516 2,880 6,912 2. 755 7,848 Page 20
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 INCOME FROM DONATIONS, LEGACIES AND GRANTS Unrestricted funds 2022 Total funds 2022 Total funds 2021 Donations Government grants 262,242 262,242 356. 740 8,077 262,242 262,242 364.217 In 2021, all amounts were unrestricted. ANALYSIS OF EXPENDITURE ON FUNDRAISING ACTIVITIES Fundraising activities 2022 Total funds 2022 Total funds 2021 Production costs Printing Advertising Consultancy Support costs (note 71 Governance costs (note 71 27,011 27,011 40,387 5,997 11,183 33,859 40,621 44,964 11,183 33,859 40,621 44,964 33.156 43,287 55,577 157,638 157,638 178.404 In 2021, all amounts were unrestricted. Page21
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS Support costs 2022 Governance costs 2022 Total funds 2022 Auditors, remuneration 9,573 6.912 927 10,794 9.573 6,912 927 Accountancy Legal and professional General Offi expenses Hotels and travel Bank charges Credit card charges Insurance Foreign exchange Salaries. wages and associated Costs 10,793 8,974 1,652 1,376 474 593 16.759 21.587 8.974 1,652 1,376 474 593 33,517 16.758 40,621 44,964 85.585 Support costs 2021 Governance costs 2021 Total funds 2021 Auditors, remuneration Accountancy Legal and professional General Offi expenses Hotels and travel Bank charges Credit card charges Insurance 9,271 7,848 877 9.271 7.848 877 24.814 592 12,407 592 2,190 2,396 443 12,407 2.190 2,396 443 Foreign exchange Salaries, wages and associated costs 85 85 25,174 25,174 50.348 43,287 55,577 98,864 In 2021, all amounts were unrestricted. Page 22
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted funds 2022 Total funds 2022 Total funds 2021 Charitable activities 138,752 138,752 772.722 In 2021, all amounts were unrestricted. SUMMARY BY EXPENDITURE TYPE 2022 2021 Donations lo The LIBI Fund The ASs(latIon for the Wellbeing of Israeli Soldiers 110,202 11,620 16,930 755,544 Donations In respect of IMPACT scholarships Consultancy fees 16,578 138,752 172,122 Page 23
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 TANGIBLE FIXED ASSETS Group Fixtures and fittings Cost Al 1 April 2021 and 31 March 2022 6.980 Depreciation Al 1 April 2021 and 31 March 2022 6,980 Net book value At 31 March 2022 At 31 March 2021 Company Fixtures and f ittings Cost Al 1 April 2021 and 31 March 2022 6.980 Oepreciation Al 1 April 2021 and 31 March 2022 6.980 Net book value Al 31 March 2022 At 31 March 2027 Page 24
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. FIXED ASSET INVESTMENTS Valuation The unquoted investment represents a 100010 holding in UK AWIS Trading Limited, a company registered in the United Kingdom. whose principal activity is to support fundraising for ils parent company through its trading aclivilies. The aggregate of the capital and reserves of the company as al 31 March 2021 was £2 12021." £21. The company reported income in the year ended 31 March 2022 of £Nil (As resleted 2021." £27,489) and made a profil of £Nil12021." £NiO. The company reported expenditure in the year ended 31 March 2022 of £3,56712027." £27,489) which directly contributed to the chaiitable parent company s annual fundraising dinner. Shares in group undertakings Company Cost or valuation Al 1 April 2021 At 31 March 2022 PRINCIPAL SUBSIDIARIES The following was a subsidiary undertaking of the Company. Name Company number Registered office or principal Holding place of business UK AWIS Trading Limited 04201043 1st Floor Sackville House, 143- 149 Fenchurch Street, London, EC3M 6BL Included in consolidation Yes The financial results of the subsidiary for the year we". Name Income Expenditure Net assets UK AWIS Trading Limited 3,567 13,5671 Page 25
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 DEBTORS Group Company As restated Company As restated 202t 2022 2021 Group 2022 Oue within one year Trade debtors Prepayments Tax recoverable 7.200 4,620 17,704 4,620 17,704 t6,461 t6,461 22,324 23.661 22,324 16.461 CREDITORS.. Amounts falling due within one year Group Company As restated Company As restated 2021 2022 2021 Group 2022 Trade creditors Other laxalion and social security Other creditors 31,039 757 31,039 757 124 178 3,463 11,303 2,143 7,464 Accruals and deferred income 14,640 t6.647 46,560 16.825 46,562 9.607 13. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR As restated balance at 1 April 2021 Balance at 31 Expenditure March 2022 Income General funds 474,854 262.242 1296,3901 440.706 The funds retained al the end of the financial year fleets amounts received and earmarked for projects which had been identified but not yel commenced. Page 26
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. SUMMARY OF FUNDS ICONTINUEDI SUMMARY OF FUNDS - PRIOR YEAR Balance at 31 MarGh 2021 Balance at 7 Apnl 2020 Income Expenditure General funds 461, 163 357,017 (350,526) 467,654 ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted funds 2022 Total funds 2022 Current assets Creditors due within one year 487,266 {46,5601 487,266 146.5601 Total 440,706 440.706 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestncted funds 2021 Total funds 2021 Current assets Creditors due within one year 491,679 (76,825) 491,679 (t6,825) Total 474,854 474.854 OPERATING LEASE COMMITMENTS At 31 March 2022 the Group and the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows". Group 2022 Group 202t Company 2022 Company 2021 Not later than 1 year 13,800 13,800 Page 27
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. RELATED PARTY TRANSACTIONS The charity has a clo* relationship with The LIBI Fund The Association for the Wellbeing of Israeli Soldiers, a Charity registered and operating in Israel. During the year lo 31 March 2022 the company sent lo The LIBI Fund The Asscrialion for the Wellbeing of Israeli Soldiers donations amounting to £110,20212027.' £155,544). There were no terms and conditions attached to these amounts other than they must be used for the charitable purpose for which they were donated. ULTIMATE CONTROLLING PARTY As al 31 March 2022 and 31 March 2021, there was no single ultimate controlling party of the charity. Page 28