Reglstered number: 04094203 Charity number. 1084272 UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantse) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company LIMIt by Guarantee) copirENTS Page Roforence and Administrative Details of the Clmnpany. Its Truste•s and Advlsers Truste6s' Report Independent Audltors. Report on the Flnanclal Stalements 7-10 Stat•ment of Financial Activit 11 Income and Expenditure Accounl Balan¢• Sh••t 12 13 Slatsment of Cash Flows 14 Notes to the Flnanclal Statements 15-27
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company L5mlted by Guardntee) REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Shachor M. G. Abadi J. E. Swdler R. J. Kemp Company reglstered number 04094203 Charlty reglgt•r•d number 1084272 Registered office 1 st Fbx)r Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL Prlnclpal operatlng offic• Unit 7. 56b Crewys Road, Lmdon, NW2 2AD Independent auditors Wibjer Coe Ltd, Chartered AcccNJnlants & Statutory Audith. 1 st Floor Sxkvile House, 14>149 Fenchurch Street, London, EC3M 68L Page 1
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Llmtted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 202S The Twstees (who are also directors of the charity fcK the purpose of the C1panIeS Act) present their Annual Report together wrth the audited financial statwnents of UK Friends Of The A550aation For The Wellbeing Of 15rael's Soldiers (the charitable Company) for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Tnjstees. rewt and 3 directors, report under company law. The Trustees confimi that the Annual Report and financial statements of the charrtable c1panY comply wrth the currenl statutory requirements. the requirements of the charrtable Companys goveming document and the provisions of the statement of Recrnended Practice {SORP} applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and ReputAic of Ireland (FRS102) (effective 1 January 2019). Since the CcThpany qualrfies as smal urKler $tIOn 382 of the Companies Act 2006. the Strategic Report required of mediLNn and large CnpanIeS under the CcThpanies Act 20( (Stralegic Report and Directors, Report) Regulat5 2013 has been wirtted. Objectlveg and actlvltles . FY)UCIES AND OBJECTIVES The princtpal ('ectives d the chanty as set oui in the goveming dcKuments are: 1. The relief of need and suffering of serving and discharged Israeli soldiers and their f1les. 2. The advancement of education of serving and discharged Israeli soldiers, and 3. To proVe Of assist in the prOSn d faulrties f recreatK)n or cAher lasure ts'me tXCUP8tions in the interest of s181 vlelfare. There hw4e been no changes in the 'ectives since the last Annual Report. b. STRATEGIES FOR ACHIEVING 08JECmVES The strategw empbsed to achieve the chanvs ams and rt¥'ectrdes include undertaking fundraising activities 8nd events lo raise money lo be able to donate to Israel ihrough the connected charty The Associali¢)n for the Wellbeing of Israel's Soldiers in Israel other approved organisations so that the funds can be spent to meet the above c)jectives. c. PUBLIC BENEFIT The Trustees ¢(rI[M that they have, in the admintstraicffi of the charity, paid due regard lo the public benefit guidance published by the Chanty Commission uThJer $tion 4 of the charrt Act 2011. Achlevements and performance . REVIEW OF AcnwnES In pursurt cl the cknj'ectwes listed above, the charty and ts subsidiary undwtook the following activities during the periLXI: The Charty did not hcJ any fund4aising activrties during the year ended 31 March 2025 vthile enquiries InStated by the Charty Commission were continuing. The Charty Commissii)n had communicated with the Trustees in December 2023, advising that they had receNed c(xnplaints and would be undertaking enquiries. following which, the Twslees vduntanty agreed to suspend the majorty of the Charitys cperation5. Thanks to the support from the Chanty's eStIng donor3. the Charty e1Ved donatsons induding gift aid in the year totalling £361,443 {2024. £760. 704). The decrease In donatnS the year to 31 March 2025 Vfds because of the tpJnporary suspension of normal actsvLtie$. Page 2
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomianu (contsnued) Donations are made ai the full discretion of the trustees of UK Friends of the Ass(latIon of Israel's Soldiers fuK Friends of AWIS"), and are given only to support prqects that the Tnjstees deem to be consistent with the L'ectives of UK Friends of AWIS. The Twslees regularty travel to Israel to ensure that the funds sent from the UK a apPld consistentty wrth the charrtvs objectives. The chanty does not undertake prc¥ects directly themselves but provides funding for prqects ba'ng undertaken by other organi&itions primanly though AWIS Israel that have been pre-approved by the Trustee5. The total level of donati made to crther charities lo support our wtrwroved prcyects lotalled £331,003 (2024.. £497,316). Example of projects that were funded and the lebEI of funding provided during the current ye8r are: £62. 380 for injured soldiers in hosprtal or rehab homes. £75.000 for vouchers for bereaved families £209,884 for AWIS Isr1 for warious weffwe projects includirKJ the Seaside KKIS Club in the Olga Resort Village for wounded soldiers and bereaved famdies. All of the donati(ms made were for prcyects consistent the atins and objectives of the Chanty. A revithv of costs shows a decline from 2024 mainty to lower legal costs in the current accounts'ng penc•J and which b%Ere incurred for support in connection wrth the Charty Commission erUlneS. li is anticipated these wil be further reduced In the 202&2026 accounting year. b. FUNDRAISING ACTivrriES AND INCOME GENERATION Although there was no specific fund-raising actlty during the xcounting p, Ihe charty continues to have the ongoing support of a number of regular dcmors and supp(xters who donate an annual basis for the variou5 causes the charty supports. Trustees rn110r the (xrtcome of all furKlraising eff15 by revE•4ing the knl of (knnat1cS 1ved and the costs invol¥td to assess vthether this has been effective. The trustees mle a decision during the year to pay t(wards the vc4untary Fundraising Regulat(x Lthry now that they are more act]lY fundraising in this way as they understand the importance of followng the Code of Fundraising Practice. During the year, the Twstees have conb'nued to pay trdS the voluntsry Fundraising Regulator Levy and to folknv Cc#Je of Practice. The Tnjstees also adcpted new policies consistent with the requirwnents of the Charty Commission. Some of these were finalised dunng 2025. As reported In the 202>2024 Ttee$ Rewi, a c(xnplaint Was raised ryth the Charity Commi55ion in relation to scrne of the support made for the welkbeing of Israel's soldiers. The Charty Commission issued an interim report in Juty 2024 and concluded that there was no fault in the general fundraising or in the distribulion of funds by the Charty to prqects in Israel. but were yet to make findings on the video that had been shovm on the website and the Swords of Iron appeal launched in October 2023. In September 2024 the CL¥nmission wrote giwng notice of intention to issue an 0al waming because rt was not satisfied about the video and said it was continuing 1th enquiries. In June 2025 the Commission rep(xted that it had found the video was distressing in nature and showing rt V4BS in the Chanws best interests, and it was proceeding to issue an off181 Wafnin9. That *3rning wtll remain cm the register of Chanlies for one JEar. On the advice of our legal representatives. the TrtteeS decided to suspend the transfef donations to Israel pending the outcome of the enquiries. This resulted in the charty hawng a much higher level of funds in its bank account Ihan rt would normally wish to hold. Fc41owng an interwn report frn the Charity Ccfflmission in July 2024 the transfer of furKls lo Israel donated to UK Ffiends AWIS by donors has been resumwj. Page 3
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Cixnpany Limit by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial rovlew . RESERVES POUCY The chanty had tcrtal funds of £480.217 as * 31 March 2025 (2024.. £.?on. The chartys subsidiary undertaking, UK AWIS TradirMJ knmrted had equity shareholders. funds of £2 as at 31 March 2025 (2024.. £21. DatiOnS reCeId by the chanty are applred for the purposes of the chwty as soon as it is practicable. The charity retains sufficient SerVe funds to meet expenses. No reser¥es are designated. The usual reserves pc4ry of the chwity is to hokl funds to the equivalwrt cl 3 montrts of ongoing cost5 8S conknngency. In recent years, the level of reser¥es held has been significantly higher. In the present accountsng period hher resenies were mairrtained lo allthv for undetemined and future legal costs ansing frLYn the Charity c(nMiSsion enquirbes. Additionally. there were t4VO inpnt future projecls thal UK Fnend5 of AWIS had identified and agreed to support which Thild be c<xnmenced in 2025. The Trustees be distrt)uling funds in a timety and appropriate manner to reduce excess reserves. b. PRINCIPAL FUNDING The charty is funded through donations received throughwt the year. EXpendrtU during the JEar was mainty for normal %w)rking expenses. for Costs incurred prmotsng fund-raising actsvities to meet the obJ'ectiNEs of the Charity, and for excepbonal legal expenses. Structure, governance and management . CONSTITUTION The c(Ynpany is registwed as a chanta)le c(ynpany limrted by guarantee and Wds set up by a Memtxandurn of AsscKiation on 12 October 2000. The ctynpan5ls chanty number is 1084272 and ts registered company number is 04094203. The ctynpany is registered at the following address.. 1st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL b. MEfHOO OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Group arKI the CnPY is the reSp[ibfy of the Trustees who are elected ar#J cD(yted under the terms cl the Artscles of AssCxiali. Trustees are appointed at discrion of ts acbng trustees at the Annual Genefal Meets'ng. The ts no set polry in place the irKluction and training of new trustees and this is arranged as required. Page 4
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS {A Company Limited by Guardntee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 StructUrn• governance and management Icontinued) c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity holds a 100% shareholding in UK AWIS Trading Limit&l. ole principal activty to support fundraising for the charty through its trading actwrties. There we no other members of the group. The bwd of Tnlees, of a minimum of the members. &dminislers the chanty. The Trustees sen1 during the year and up to the date of signatUTe of the financial statements were as follows. L C. Remez (ReSned 8 December 2025) P. A. Sussmann (Resigned 8 Decanber 2025) J. E. Slhidler R. J. Kernp M. G. Abadi {Appointed 8 September 2025) B. Shach(x (Jwointed 8 September 2025) The company's banker5 are National Westrninster Bank plc. chath Rcsc, Western Avenue. WatersKle Court. Chatham Marrtime. Chatham, Kent, ME4 4RT. The ccxnpanl8 auditors are Wilder Coe Ltd, Chartered Accountants & statut Audrtors. 1st Flo Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL. d. PAY POUCY FOR SENIOR STAFF All directors, are also trustees of the chanty, give their twne freely and no director received remuneration in the perioj {2024." £Ni4. . RELATED PARTY RELATIONSHIPS The charty has a very cl)se relationship wilh The Association for the Welbeing of Israel's Soldiers in Israel, charty registered and oper*'ng in Israel. A summary of transtionS wilh this paty is set out in note 19 to the financial statements. f. RISK MANAGEMENT The Trustees have assessed the m4or risks to vthich the Cc¥npany are exposed. in particular those relaled to Ihe operations and finances of the Company, and are satisfied that systems and procedures are in place to mrtigate exposure to Ihe major risks. Plans for future periods . FUTURE DEVELOPMENTS The charrty's plans for the future are consistent wrth the objectives Klentified within this report. The ch8fity wdl continue to support and fund pro)ts and ath'vthes in line wrth the objectsves as the Trustees see f Arising from the hostilities between Israel and Gaza and the conflicis in Lebanon, the Charity will make further contributic$ to assist the wounded soldiers and their famil$ as well as IcTh soldiers who have been serving In the war. Page 5
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A C(xnpany Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBIUTIES STATEMENT The Trustees (who are also the directors of the Company for the purposes of cm)pany law) are responsible for preparing the Trustees, Report and the financial statements in accordance wth appluble law and Unrted Kingdom Accounting Standwds (Unrted Kingdom Generalty Accepted Accounting Practsce). cMpanY requires the Trustees to prepare financial slalements for each financial year. Under company law, the Trustees must not approve ttie financial statements unless they are satisfied that they give a true and fair i&v of the state of affairs of the Cornpany and of its inc(xning reswrces and applicalion of resources, including rts inccThe arKI expenditure. f that period. In preparing these financial slatements, the Trustees are required to.. select suitable accounting polirj'es and then apply thern c(x)slentty. observe the methods and prinaples of the Charrties SORP (FRS 102),. mae judgments accounting estimates that are reasonable and prudent. state bvhether appIable UK Accounting Stsrthrds (FRS 102) have been folk)wed. subject to any material departures disclosed and expla'ned in the financial stalemenls, and prepare the financial statements on the going c(xKem basi8 unless rt is inwrcyiate to presume that the Company will continue in business. The Trustees are responsible for k8epiNJ adequate accounting records that are sufficient to ShIy and explain the Companls transactions and disdose with reasonable accuw at any time the financial positi{ of the Ccnpany and enable thwn to ensure that the financial statements ¢pIY wrth the Companies Acl 2CNJS. They are also responsible for safeguartling the assets of the Company arKI hence f<x ta(ing reasonabk steps for the prevention and detecti¢ of fraud and other irregularrties. DISCLOSURE OF INFORMATION TO AUtYroRS Each of the persrms vtho are Trustees al the time when this Trustees. Report is wroved has ccrfim7ed that". so far as that Trustee is aware. there is no relevant audit infomiation of %thich the chartys audrtors are unaware. and Ihat Trustee has taken all the steps that ought to been t&ken as a Trustee in order to be a4vare of any rekvant audrt informati) and to establish that the chantys audrtors are afdre of that infomalw)n. AUDITORS The auditcKs, Wilder Coe Ltd. h¥4e indic*1 their w'th'ngness to conb'nue in Iffe. The deSnated Trustees will propose a motion reappointing the audrtors at a meets'ng of the Trustees. This report was approved by the Trustees on a.9.1.i.a1A.aaSar signed on their behalf ty. B. Shach Page 6
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS Opinlon We have audrted the financial statemenls of UK Fnends of The Asswation for the Wellbeing of Israefs Soldiers (the 'charrtable companl) for Ihe JEar ended 31 March 2025 whh comprise the Statement of Financial Activrbes. the Income and ExperKlrture Account. the Balance Sheet. the Ststement of Cash Flows and the related notes, including a summary of SignifnI accounling policies. The financial repK)rting frame%)rk that has been applied in their preparatscm is applicajle law and Unrted Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Rep(xiing SLandard applicable In the UK )d Republic Ireland, (Unrted Kingdom Generally Accepted AoUnting Pradicel. In our opiniM the financial statements.. give 8 true and fair view of the state (A the chantable companys affairs as at 31 March 2025 end of ts incoming resources and applicati of resources. including rts inccme and expenditure the year then ended; have been properly prepared in acclydance wrth Uniled KingdLXn Generalty Accepted Accounting Practice.. and have been prepared in accordance vAth the requirements of the Companies Act 20( and the Chariiies Act2011. Basis for opinion We conducted our audit in 8ccord8nce with Internatsonal Stsndards on Audrting (UK) IISAS (UK)) and applKable . Our responsibilities under those standards are further described in the Auditors, responsbibb'es for the audii of the financial statements seth'on of our reporL We are independent of the Charrtab company in accordance th the ethical requirements that a levant lo our audit of the financial statements in the United Kingdom. induding lh8 Financial Rep(xting Councifs Ethical Standard. and we have fuffilled our other ethical responsibiltties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and aFproprk3te to provide a basis for our cyinion. Concluslons rolatlng to golng conc•rn In audrbng the financial ststements, we have corduded that the Trustees. use of the going concern basis of accounting in the preparation ol the financial statements is appropriate. Based on the th we have performed, have not Hlentrfd any matenal UncertntieS relatsng to events or condits'on5 that, indmdualty or cdlectively, may cast gnfficanl doubt on the charitable company's abilty to continue as a going concem for a penod of at least hvelve months from when the financial statements are auth(xised foi issue. Our responsibilities and the responsibilrties of the TTUStees knith respect to going concem are de5cribgJ in the relevant Seth.s of this rewt. Page 7
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A CpanY Limited by Guarantee) INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELL8EING OF ISRAEL'S SOLDIERS (CONTINUED) Olher inforniation The other infomialion comprises the infomiation indled in the Annual Rep other than the financlal statements and our Audrtors. Report thereon. The Trustees a responsible for the other inforMatn contained within the Annual ReporL Our otMnic#) on the financial statements does not cover the other infomation and, except to the extent other•vise eXplrtlY stated in our rep1. we do not express any fomi of assurance conclusion thereon. Our responsibilty 15 to read the other Informalion and. in doing so. C(Sr thethw the other inforMatn is materialty inconsistent wrth Ihe finala1 slatements or our knthedge obtained in the course of the audit. or otheTh¥ise appears lo be Tnaterialty misstated. If ¥ identrfy such material inconsistencies or apparent malerial misstatements, we are required to determine whether this gives nse to a material misstatement in the financial statements themselves. If. based on the WO we have performed, we conclude that there is a material misstatement of this (thr infomiation. we are required to rep1 that f&t. We have nothing to report in this regard. Oplnlon on other matters prescrfbed by the Companies Act 2006 In thjr opinion, bas&Y on the worf( undertaken in the course of the audit." the information given in the Trustees, Rewi lor the fmancial Far for the financHI statements are prepared is consistent wrth the financial ststements. Trustees, Report has been prepared in accordance wrth applKable legal requirements. Matters on which VM arn required to r•port by excepiion In the light of our kn(MI19e 8fKI understsnding of the charrtable company and ts environment obtained in the course of the aud¢ have nol KIen1 maten'al misstatements in the Trustees. Rep. We h8ve nclhing to report in respect of the fo11n9 matlers in r10n to which Companies Act 201% requires us to report to you rf. in our opini. adequate accounting records have been kepc retums adequate for our audit have not been received from braheS not $rted by us.. c tlx financwl statements are not in agreement ith the counts.ng records and returns,. certain disdosures of TTUStees' runeratIOn spectfied by law are rK)t made; or we have not receiv&1 all the Infomati(m and explanations we require for our audit.. or the Trustees were not entrtled lo prepare the financial statements in xcordance with the small ccxnpanies regime and take advanta9e of the small companTres' eXnpliS in preparing the Truslees, Report and fr¢yn the requirwnent to prepare a Strategic Report. Rmponslbllltles of tnmtees As explair1 more fulty in the Trustees. Respwsib1kt Stalernent, the Trustees (byho are aLso the directors of the chariiable company for the purposes of company law) are re¥K)nsible fN the prepwation of the financial statements and for being satisfied that they give a true and f&r view, and for such inlemal control as Ihe Truslees determine is necessary to enable Ihe prepara1c of financial &aements that are free frc#n material misstatement. vthelher due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the charitable company's abilrty to continue as a going concern, discbsing. as awlicable. matters related to going concern and using the giyng concern basE of CoUnting unless the Trustees either intend to liquidate the charitsble company or to cease operations, LY have rK) real1 alternative tKrt to do so. Page 8
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (CONTINUED) Auditors. responsibilities for the audit of the financlal statements Our d>jectr4es are to obtain reasonable assurance about whelher the financial statements as a Ithole are free frcTh material misststemenL %thether due to fraud or error. and to ISSU8 an Auditors, Report that includes our opinion. Reasonable assurance is a high Ve1 of assurance, but is not a guarantee that an audit conducte(l in accordance wrth ISAS (UK) ¥ill ahvays detect a material misslatemenl when it exists. MiSstatentS can arise frcmn fraud or error and are conSered material rf, indivTrdually or in the aggregate. they could reasonabty be expected to infiuence the economr deciSn$ of users taken the basis of these financ1 statements. lThegularrties. including fraud. are instances of norcp1ance with l&vs and regulations. We design procedures in line wrth our responsibilities, (xrtlined above, to detecl Material misstatements in respect of irregularities, including fraud. The extenl to which our procedures are capable of detecting irregulant. including fraud detailed belcw. Discussions wth and enquiries of management and those charged with govemance were held with a view to 1dent1.ng those laws and regulati$ Ihat could be expected to have a matenal impact on the financial slatements. Dunng the engagement team bTiefing. the outc(ynes of these discussions arKI enquiries VoEre shared with the le, as rll as conSideratn as to where and how fraud may occur in the entty. The fdlrmng and regulats(S were identffied as being of signfficance to the ents'ty: Those laYS and regulations considered to have a direct effect on the financial ststents include UK financial reporting standards. Company Law and Chanty L. Those l&vs and regulations for which non<omplonce may be fundamental to the operating aspects of the business and therefore may have a material effecl on the financial statemenls. Audit procedures undertaken in reJponse to the potential risks relating to trularitieS Iwthich incKJde fraud and non-compliance wrth laws and regulations) comprised of. enqui5 of management and those charged Vith governance as to whether the entty CLinplies wth such laws and regulations., enquir$ V•ith the same conceming any actual or potential litigation or claims., Inspecti of relevant legal correspondence and the perfomiance of anatytical review to identfy unexpected movements in account balances may be indicative of fraud. No instances d material n(Trc(wnplBnce We KIentif. H(lver. the likelthood of detecting irregularities. induding fraud, is Iimrted by the Inherent drfficulty in detecting irregularits'es. the effectiveness of the entrtls controls, and the nature, timing and extent of the audrt procedures pwf(Thied. Irregularities that result from fraud mwJht be inherently more dfficutt to detect than irregularities that resull frcyn error. As explained above, there 16 an unavoidable risk that material misstatements may not be detected. even though the audrt has been planned and performed in accordance wth ISAS (UK) A further descripb'on of our fespcmsib1lrt for the audit of the financial statemwts is k£ated on tho Financkql Reporting Coun¢if$ ¥**bsrte at. vAvw.frc.o .ukJaudrtorsres onsibilits'es. This descnption forms part of our Audit, Report. Page 9
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (CONTINUED) Use of our report This report is made solely to the charitable companrfs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable companrfs trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charitable companls members those matters we are required to state to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members. as a body. for our audit work. for this report, or for the opinions we have formed. Robert Bradman BA CA (Senior Statutory Auditor) for and on behalf of (JwC,LJ- Wilder Coe Ltd Chartered Accountants & Statutory Auditors 1 st Floor Sackville House 143-149 Fenchurch Street London EC3M 6BL 2911212025 Date.. Page 10
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted Unrestricted lunds funds 2025 2025 Total funds 2025 Tolal fijnds 2024 Note Income from: Donations and legacres Investments 123,710 237,733 13.491 361,443 13.491 760, 704 2,459 Total Income 123.710 251,224 374.934 763, 163 Expendlture on: Raising funds Charrtable acts'.8$ 195,355 166.962 195,355 264,859 514,710 183,607 Total expendlture 183.607 361,317 544,924 T79, 569 Net expendlture Transfers between funds 159,897) 60.397 (110,093) {60,397) 1169,990) (16,406) Net movement In funds 500 1170,490) {169,990) f16,406J Reconclllatlon of funds.. T¢1 funds brought forward 650.207 650,207 666,613 Total funds carrled forward 500 479.717 480,217 ,207 notes on pages 15 to 27 fom part of these financial statements. Page 11
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limitod by Guaranto0) SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total funds 2025 Total funds 2Q24 Gross income in the reportlng perlod Less. Total e>penditure 374,934 1544,924) 763, 163 (779,569) Net expendtture for the reporting pwiod 1169.990 (16.406) The notes on pages 15 to 27 f(xm part of these financial sL3temwts. Page 12
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarantee) REGISTERED NUMBER: 04094203 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tangible assets Inveslmerrts 10 725 727 Currenl as••ts Deblors Cash at bank and in har 12 60,639 426,873 29,963 683,926 487,512 713, 889 Current Ilabilities Creditors: amounts falh.ng due Vthin one 13 18,022) (63, 684) Nat current assets 479,490 6,205 Net assets excludlng penOn asset 480,217 6.207 Total net assets 480,217 6&),207 Charfty funds Restricted funds 500 Unrestricted funds 479.717 6,207 Totsl funds 480,217 6.207 The Cc#npanrfs net movement in funds for the was a decrease of £169.990 (2024. £16.406). The Trustees acknoYAedge their responsibilities for complying with the Tequirements of the Acl *ilh respect to counts'ng records and preparatn of finanoal statements. The financia statements have been ppared in xcordance 1th the pThis18 applKable to entities subject to the small companies regime. and signed on their behalf ty. 9/10./47oAr.......... The financial statements were approved and aulhmd for issue by Ihe Trustees on ......... . Shachor The note8 on pages 15 to 27 fomi part of these financial s&anents. Page 13
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OFISRAEL'S SOLDIERS (A Company Limit by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 Note Cash flow5 from opernting activiti Net cash used in cper*ing activities 15 (269.8191 26, 709 Cash flowg from Investlng actlvftleg Purchase of tangible fixed assets Interest recerrfed (725) 13.491 2,459 Net cash provlded by Investlng actlvftles 12.766 2.459 Cash flows from financing activiti•s Net cash provlded by finanelng actlvftle• Change in cash and cash equivalents in the year Cash and c83h equivalents at the beginning of the year {257,063) 683,926 29.168 654. 758 Cash and cash oquivalents at the ond of the year 16 426,873 683.926 The notes on pages 15 to 27 form part of these financpl statemerrts Page 14
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limitod by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 GENERAL INFORMATION UK Friènds of the Association for the Well)eing of Israefs Soldiers (company number.. 04094203, charty number. 1084272). having its registered office at 1st Floor Sackvime House. 143-149 Fenchurch Street, London. EC3M 6BL and its trading address at Unrt 7, 56b Road. London. NW2 2AD, is a charitable ¢1panY limited by guarantee Inewred in England and Wales. ACCOUNTING POUCIES 2.1 Basis of preparation of financial stat•m•nts The financial statemenls have prepared in xcordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities. Statement of Recommended Praclice applicable to charities preparing their accounts m accordance wth the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 102) (effective 1 January 2019). Ihe Financial Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 1(r2) and the CnPanieS Act 20C6. UK Friends of The AssoeJati for the Welba'ng of Israel's Soldiers meets the definTrtion of a publ benefit entty under FRS 102. Assels and liabilities a inrtBlly reccyJnised at historic81 cost or transaction value unless cliherwise staled in the rvant xcounts'NJ poly. C(panY has taken adwanWe of the exemption allowed under section 408 of the Companies Act 20C and has not presented its ¢y•m Statent of Financial Activrties in these financial statents. The SOFA of the company slKrK a net deficrt of £169.9SYI {2024.' £16,4Q6). 2.2 Company statu6 Cc¥npany is a company Iwnrted by guarantee. the manbers of ts c(xnpany are the Trustees named on page 1. In the event of the company being knThind up, the liabilty in respect of the guarantee is Imrted to £10 per member of the ccthpany. 2.3 Fornign currencies The CompanYs funCtnal WKI presentaticffial currency is Bntish PouThJ Sterling (GBP). Monetary assets and IBbilrts denominated in fen currencies are translated into sterling at rates of exchange ruling at the Balance Sheet date. Transxtions in fOIgn currencies are translated into sterling at the rate ruling on trt date of the transacts1. ExchaThJe gains and losses are rwnised in the Statement CA Financial Activities. 2.4 Golng conc•m At the twne of approving the accounts. the trustees hw4e reasonable expectation that the Chanty has lequate resources to continue in operational existence for the foreseeable fLrture. Thus the trustees continue to adcyt the g(Mng concem ba&'s of accounting in preparing the accounts. Page 15
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Comp•ny Llmlted by Guarnntw) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES (contlnued) 2.5 Fund accountlng General funds are unrestrthd furKls 1th are awlable for use at the discrets'on of the Trustees in furtherance of the general c*"ectNe8 of Ihe Conpany and thich have not been designated for other pur[. Restrict&J furKls are funds are to be led in rdance specific reStrictic$ imposed by donors or which have l)een raised by the Company for partular purposes. The costs of raising and administering such funds a charged against the specrfK fund. The aim and use of exh restricted fund is set out In the notes to the financd statements. 2.6 Income All income is rec(¥Jnised once the Ccxnpany has entiuement to the income. it is pr(4)able that the income will be receiv8J and the amount of income receivable can be rneasurgj reliably. For leg&ies: enlrtlemenl is laken as the earlier of the date on whth either. the company is aware that probate has been granted, the estale has be finalised nolifulion has been made by the executorls) trj the Trust that a distnbub'm will be made. or when a distribution is recer4ed from the estate. Receipt of a legacy, in whole ly in part. is only considered probable when the amount can be measured relBbly and the company has been notrfied of the executorfs intention to make distnbution. Where legacies have been notified to the crxnpany, or the company is aware of the granting of probale, and the criteria for income recognrtion have not been met, then the legacy is treated as a contsngent assets and disdosed rf matenal. Inc¢Jne tax r0verable in relation lo receiv1 under Gift Aid deeds of covenant is recc¥3nised at the b'me of the donation. 2.7 Glft Ald In the case of a Gift Aid payment made withln the Ccmpany. income is accrued when the payment is payable to the Parent Company under a legal obligth'on. Measurement is at ihe fair value receivable, vthith will nomialty be the transacti(m Value. whe the nght to recei¥e Gift Aid has been established. the amount re1Vable is recognised as inveslment incone in Ihe Statemenl of Finanaal Aclivities. 2.8 Interest recelvable Interest on furKls held on deposrt is induded %then re(ra)le and the an¢JJrrt can be m&3sured reliaL4y by the Company; this is upon ncthation of the intefest paid or payable by the Bank. P89e 16
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENOED 31 MARCH 2025 ACCOUNTING POUCIES (contlnued) 2.9 Expenditure Expenditure is reccgnised 0e there is a legal or Constructi obligation to transfer economic benefit to a third party, rt is prcthble that a transfer of eccffiomic benefits be required in settlement and the amount of the (>lBation can be measured reliably. Expen(hture is classifd by actimty. The costs of &xh activty are rnle up of the total of direct costs and shared costs, induding support costs involv&J in undertaking each actNty. Direct costs attributable to a single actP¥ryty are allocated directy to that shar costs vthich contribute to more than ¢e actibty and support costs which are n( attributable to a single acttvrty are apportKJned betsen those activrties on a basis ¢sIstent with Ihe use of re)UrCeS. Central staff costs are allocated on the basis d time spert and depreciation charges allocated on the portim of the assevs use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminatsng infomiation in support of the charitable activrties. supp costs are those costs incurred directy in support of expendrture on the objects of the c(Thpany and indude project management carrd out at Headquarters. Govemance costs are those incurred in connection wjth administraticm of the cunpany and c(xnpliance constrtutional and statutcwy requirements. Costs of generating funds a costs incurred in attracling vduntary income, and Ihose incurred in trading acti¥iti'es that raise fund5. Charitable activrties and Governance costs are costs incurred on the companrfs educational operatsons, including support costs and costs relatsng to the governan of the cwipany apportKJned to chantable aclivities. Expenditure on raising funds indudes all expenditure incurred by Ihe company to raise funds for its haritable purposes and irKludes costs of all fundraisiNJ activilies evenls and nDn-charitable trading. Expendtture on chantable actiwties is incuffed on directly undertaking the activities vthich further the c(xnpansls (4eclives. as well as any associated Supwt costs. 110 Tanglble fixed ats and depreclatlon All assets cosling more than £100 are c4)rtalised. Tangible fixed assets we inrtialty recognised at cost After recognrt]'on. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into rts intended working condrtion should be induded In the measurent of cost Depreciaticn is charged so as to allocate the cost of tangle red assets less their residual value over their estsmated useful INes, using the straight4ine method. Depreciats'c is provided on the fdlukning basis: Fixtures frtb'ngs Computer equipment 25'h straight-line 33% straight4ine Page 17
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS
(A Company Llmlted by Guarantee)
IK)TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POUCIES Icontlnued)
2.11 Investments
In the parent c(¥npany financol statthnents, investments in subsKliaTies are initialty measured at cost
and subsequently measured at cost less Y accumulated impairment losses.
A subsidiary is an entty c(xrtrolled by Ihe grcwp. Control is the PCP••tr to govem the financial and
operating pjliaes of the entty so as lo obtain benefrts fr(xn its activrties.
2.12 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered,
Prepayments are valued at the OUnt prepa net of any trade discounts due.
2.13 Cash at bank and In hand
Cash at bank and in hand includes cash and short4em highfy liquid investments wrth a short maturity
of three months or less frcffl the date of xquistion or opening of the de[sit or similar account.
2.14 Credllors and provlslons
Liabilities are recognised when there is an obligalicm at the Bal Sheet date as a Utt of a past
event, it is pr
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLtXERS IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES (contlnu•d 2.18 Operating leases Rentals paid under (yerating leases are charged to the Ststement of Financi81 ACtivrt5 on straight-line basis over the lease term. INCOME FROM DONATIONS. LEGACIES AND GRANTS Restrfcted Unrestrlcted funds funds 2025 2025 Total funds 2025 Donats'ons 123,710 237,733 361,443 ReStted Unrestricted lunds funds 2Q24 2024 fvnds 2024 Donations 48, 644 712,060 760, 704 INVESTMENT INCOME Unrestricted funds 2025 Total funds 2025 Interest recewable 13.491 13.491 UnTrstricted funds 2()24 Total funds 2024 Interest receivable 2,459 2,459 Page 19
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPEN(XTURE ON FUNDRAISING ACTMTIES Fundraislng activities Unrestrfcted funds 2025 Total funds 2025 Fundraising platform fees & data)ase costs Advertising c(su1tanCY Suppcxt costs (note 6) Govemance costs (note 6) 19,248 7.520 37.132 40.822 90,633 19,248 7,520 37,132 40,822 90,633 195.355 195,355 Fundraising Unrestricted funds 2024 Total funds 2024 pctKjn costs Fundraising platfom7 fees & database costs Advertising Consuttancy Support costs (ncle 6) G(ydernce costs (note 6) 31,561 36.270 9, 962 34. 788 49.222 103,056 31,561 36,270 9, 962 34, 788 49,222 103,056 264, 859 264, 859 Page 20
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS Governance Support costs costs Unmlrlcled Unrestricted funds 2025 2025 Total funds 2025 Audrtorfs remunerati( Accountancy Legal and professicnal General offe expenses Holels and Iravel Bank charges Credit card charges Insurance Salaries. wa3es and associated costs 7,200 10,896 40,226 13.143 10,896 13,142 5.588 665 26,285 5,588 665 1.704 556 19.167 1,704 S56 38,335 19,168 40,822 90,633 131,455 Support costs costs Unrestrthd Unrestncted 2024 2024 Total runds 2024 Auditors, remuneratic 9,242 6,935 53.206 13, 714 9.242 6,935 53. 206 27,428 11.964 731 2.354 Legal and professKffial General offKe expenses Hotels arKI travel Bank charges Credit card charges Insurance Salaries. We8 and assOcted costs 13. 714 11.964 731 2.354 19,959 19,959 39,918 49, 222 103, 056 152.278 PaJe 21
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENtXTURE ON CHARITABLE ACTMTIES Restrict Unrestricted lunds funds 2025 2025 Totsl funds 2026 Charitable aCtI¥e$ 183.607 165, 349,569 Re5ted Unrestricted fund5 fun(ts 2024 2024 Total runds 2024 Chafi13ble acti4ib.es 49,691 465,019 514, 710 SUMMARY BY EXPENtXTURE TYPE 2026 2024 Donations to The Associaticm for the Wettb.ng cl Israeli Sddiers Donats'¢)ns in respect of IMPACT scholarships Donati5 to tther (anationS ConsLtsncy fees 331,003 468,625 16,261 12,430 17,394 18,566 349,569 514,710 AUDfTORS' REMUNERATION 2025 2024 Fees payable to the COMpanS audrtor for the audrt of the Companls annual accwnts 7, 142 Fees Pa to the Companls auditcf in respecl ot. The auditing of xcounts of associates of the cnpanY Accountancy and payroll servKes 2, 100 6. 935 10,896 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 2025 STAFF COSTS 2025 2024 Wages and s*rres Contribution to defined c0ntn.buts( pensi schemes 37,116 1,219 38, 652 1.265 38,336 39.917 The average number of persons emtAoyed by the Crxnpany during the ar was as follows.. 2025 2024 Administration No employee received remunerati( amntIng lo more than £60,000 in erther year. During the yew, the charty er#Jaged an overseas consuftant vkno received fees of £55.698 (2024.. £52. 182). Dunng the year. Trustees received any remunera1it, benefrts in kind reirnbursement of expenses (2024.. £N. 10. TANGIBLE FIXED ASSETS Fixtures and Computor ffttlngs equipment Total Cost or valuatlon At 1 Aprd. 2024 Additic 6.980 6,980 725 726 At 31 March 2025 6,980 726 7,706 Deprnclatlon At 1 Aprl 2024 and 31 March 2025 6.980 6,980 Net book valu• At 31 March 2025 725 726 Al 31 March 2024 Page 23
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Limited by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. FIXED ASSET INVESTMENTS Investments in subsidiary companies Cost or valuation At 1 Aprd 2024 At 31 March 2025 PRINCIPAL SUBSICWIIES The folkAMro was a subsidiary undwta(iry of the Cnpany. Name Company Registered office Principal Class of Holdlng number or prlnclpal place actlvlty shares of business UK AWIS Trading Limrted 04201043 Domiant Ordinary 101YA (i) 1st Fbor S&kville Hwse, 14&149 Fenchurch Street, LdOn, EC3M 6BL The 8ggreg8te of the eapitsl and resefves of the company as at 31 March 2025 was £2 (2024.. £2). The C1panY was dorniant during the year erKled 31 March 2025 (2024,, inccxne of £2,592) and made no expenditure profft in the currenl and prewous year. The uxnpany was dissolved on S August 2025. 11 DEBTORS 2025 2024 Due wlthln one year Other debtors Tax recoverable 223 60,416 29,963 60.639 29. 963 Page 24
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 13. CREDrroRS: Amounts falllng due wfthln one year 2025 2024 Tr&Je credrtors other credrtors Accruals and deferred income 192 48 25,473 38, 163 7,830 8,022 63, 684 14. ANALYSIS OF NEf ASSETS BEfwEEN FUNDS Anatysls of net assets between funds - cufrent year Rostrictod Unrestricted funds funds 2025 2026 Totsl funds 2026 TIble fixed assets Fixed a55et investments Current assets Creditors due within one year 725 726 500 487,012 {8.022> 487,512 18.022) Total 500 479.717 480.217 Anatysls of n•t awts betweèn funds - prlor year UnreslrKted runds 2024 Total fvnds 2024 Fixed asset tnveslments Current assets 713,889 (63, 684) 713. 889 [63, 684) Credrtor due wrthin one yew Total 650, 207 6x1,207 Page 25
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS (A Company Limitod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NEf MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING 16. ACTMTIES 2026 2024 Net expenditure for the >tar (as per Statement of Financial Actmties) (169,990) (16,406) Adjuslments for. Interest received Irease in debtors (Deuease)Iincrease in credrtor5 (13,491) (30,676) (55,902) (2,459) (2,086) 47,660 Net cash lused Invprovlded by operatlng actlvftles (270,059) 26. 709 16. ANALYSIS OF CASH AND CASH EQUIVALEKrs 2025 2024 Cash in hand 426,873 683,926 Total cash and cash •qulvalents 426,873 683,926 17. ANALYSIS OF CHANGES IN NEf DEBT At 1 Aprll 2024 At 31 March 2025 Cash flows Cash at bank and in hand 683,926 1267.063) 428.873 683,926 (257,053) 426,873 18. OPERATING LEASE COMMITMENTS At 31 Mwch 2025 the Company had commitments to make future minimum lease payments under non- cancellable c4)erats'ng kases as follows.. 2025 2024 Not later than 1 >•ar 9. 504 Page 26
UK FRIENDS OF THE ASSOCIATION FOR THE WELLBEING OF ISRAEL'S SOLDIERS IA Company Umited by Guarnirtee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY TRANSACTIONS charity has a close relationship wth The Associats'on ts the Welbeing d Israeli Soldiers, a charity registered and operating in Israel. During the year to 31 March 2025 the company sent to The Associati ts the WellbeiNJ of Israeli Soldiers donats.ons amcwntsng to £331,003 (2024. £468.625). There We no tems and cdrtlQn5 attxhed to Ihese amounts other than they must be ussj for the chantable purpose f which they were d(ated. 20. ULTIMATE CONTROLUNG PARTY As at 31 March 2025 and 31 Mwch 2024, thefe was no single (Atwnate controln9 paty of the charty. Page 27