CHARITY REGISTRATION NUMBER: 1090495
British Friends of Rinat Aharon Unaudited Financial Statements 31 March 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
British Friends of Rinat Aharon
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
British Friends of Rinat Aharon
Trustees' Annual Report
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name British Friends of Rinat Aharon Charity registration number 1090495 Principal office 6 Tewkesbury Drive Prestwich M25 0HG The trustees M Thursch Mrs M Thursch J Weis Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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British Friends of Rinat Aharon
Trustees' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management
British Friends of Rinat Aharon is constituted under a trust deed dated 07 January 2002. It is a registered charity, and the charity number is 1090495.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day-to-day affairs are undertaken by Mr Thursch on behalf of the trustees. All major decisions are taken collectively by the trustees, and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
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British Friends of Rinat Aharon
Trustees' Annual Report (continued)
Year ended 31 March 2025
Objectives and activities
The objects of the charity are: (i) the furtherance of religious education of the students at Rinat Aharon college in Israel by the provision of grants and other financial assistance and (ii) for such other charitable purposes as the trustees in their absolute discretion think fit.
The trustees confirm that they have referred to the guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity is funded by donations. The charity gives out grants in line with the above objects.
Grants made during the year to institutions are as detailed in the accounts.
The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter-term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
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British Friends of Rinat Aharon
Trustees' Annual Report (continued)
Year ended 31 March 2025
Achievements and performance
The charity received £237,677 (2024: £249,559) in donations during the year.
The charity paid out £206,379 (2024: £119,432) in grants to educational and religious institutions in Israel as detailed in the notes to the accounts, as well as £63,960 (2024: £67,358) in grants to individuals.
These grants were made in line with the stated objects of the charity.
Support costs were £2,452 (2024: £2,304).
The trustees are grateful to various benefactors that have committed themselves to the financial future of the charity to ensure that it continues to operate for the foreseeable future.
The charity has low governance costs comprising professional fees.
Fundraising costs during the year totalled £2,550.
There were no investments made during the year.
There were no related party transactions in the reporting period.
There was an overall net expenditure and net movement in funds for the year amounting to £37,664 (2024: income of £60,465).
Financial review
The trustees feel that the activity reflects the profile and standing within the local community. The impact for future year's expenditure is self-evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve practical for donations which are seasonal.
The free reserves, represented by the net current assets of the charity stand at £769 (2024: £7,151), all of which are unrestricted.
Total funds of the charity are in deficit of £148,744 (2024: £111,080).
The unrestricted fund is in deficit, and the trustees consider this to be acceptable as they are confident that the shortfall will be made up through fundraising in future periods. The deficit is funded by wellwishers of the charity who have lent interest free sums to the charity and have confirmed that they will not call in their loans to the detriment of the cash flow of the charity.
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British Friends of Rinat Aharon
Trustees' Annual Report (continued)
Year ended 31 March 2025
Plans for future periods
The trustees plan to continue raising funds for projects in line with the trust deed and pursue those objectives and projects with all the resources available to the charity.
The trustees' annual report was approved on 30 December 2025 and signed on behalf of the board of trustees by:
M Thursch Trustee
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British Friends of Rinat Aharon
Independent Examiner's Report to the Trustees of British Friends of Rinat Aharon
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of British Friends of Rinat Aharon ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
30 December 2025
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British Friends of Rinat Aharon
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 237,677 | 237,677 | 249,559 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 237,677 | 237,677 | 249,559 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 5 | 2,550 | 2,550 | – |
| Expenditure on charitable activities | 6,7 | 272,791 | 272,791 | 189,094 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 275,341 | 275,341 | 189,094 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net (expenditure)/income and net movement in funds | (37,664) | (37,664) | 60,465 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | (111,080) | (111,080) | (171,545) | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | (148,744) | (148,744) | (111,080) | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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British Friends of Rinat Aharon
Statement of Financial Position
31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 5,088 | 11,051 | ||
| Creditors: amounts falling due within one year | 14 | 4,319 | 3,900 | |
| ----------------------- | ---------------------------- | |||
| Net current assets | 769 | 7,151 | ||
| -------------- | ----------------------- | |||
| Total assets less current liabilities | 769 | 7,151 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 15 | 149,513 | 118,231 | |
| -------------------------------- | -------------------------------- | |||
| Net liabilities | (148,744) | (111,080) | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Unrestricted funds | (148,744) | (111,080) | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 16 | (148,744) ================================ |
(111,080) ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 30 December 2025, and are signed on behalf of the board by:
M Thursch Trustee
The notes on pages 9 to 15 form part of these financial statements.
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British Friends of Rinat Aharon
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 6 Tewkesbury Drive, Prestwich, M25 0HG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
The charity has an overall deficit on its reserves.
The trustees acknowledge the above and are confident that the charity will be able to continue for the foreseeable future as they have obtained assurances from their benefactors that the charity will be able to continue to operate for the foreseeable future. Furthermore, the trustees are committed to raising funds to ensure the charity is able to repay its obligations as they fall due for repayment.
There are no material uncertainties about the charity's ability to continue but this must be understood in the context of the going concern note in the trustees’ annual report. In summary the deficit is funded by well-wishers of the charity who have lent interest free sums to the charity and have confirmed that they will not call in their loans to the detriment of the cash flow of the charity.
It is appropriate therefore for the financial statements to be prepared on a going concern basis.
Fair value
Debtors and creditors are stated at fair value.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 237,677 | 237,677 | 249,559 | 249,559 |
| ================================ | ================================ | ================================ | ================================ |
5. Costs of raising donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Costs of raising donations and | ||||
| legacies | 2,550 | 2,550 | – | – |
| ======================= | ======================= | ============== | ============== |
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Charitable grants | 270,339 | 270,339 | 186,790 | 186,790 |
| Support costs | 2,452 | 2,452 | 2,304 | 2,304 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 272,791 | 272,791 | 189,094 | 189,094 | |
| ================================ | ================================ | ================================ | ================================ | |
| Expenditure on charitable activities by activity type | ||||
| Grant funding | Support | Total funds | Total fund | |
| of activities | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Charitable grants | 270,339 | 232 | 270,571 | 186,994 |
| Governance costs | – | 2,220 | 2,220 | 2,100 |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | |
| 270,339 | 2,452 | 272,791 | 189,094 | |
| ================================ | ======================= | ================================ | ================================ |
7. Expenditure on charitable activities by activity type
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| General office | 232 | 232 | 204 | |
| Governance costs | 2,220 | 2,220 | 2,100 | |
| ----------------------- | ----------------------- | ----------------------- | ||
| 2,452 | 2,452 | 2,304 | ||
| ======================= | ======================= | ======================= | ||
| 9. | Analysis of grants | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Grants to institutions | ||||
| Beyachad | – | 108,941 | ||
| Chasdey Tahara | 4,235 | – | ||
| Mamlechet Ha'Tora Ve'Hachinuch | 10,300 | – | ||
| Parashat Mordechai | 185,104 | – | ||
| Rinat Aharon - College support | – | 10,491 | ||
| Ziv Ha'Tora | 6,740 | – | ||
| -------------------------------- | -------------------------------- | |||
| 206,379 | 119,432 | |||
| Grants to individuals | ||||
| Relief of poverty | 63,960 | 67,358 | ||
| -------------------------------- | -------------------------------- | |||
| Total grants | 270,339 | 186,790 | ||
| ================================ | ================================ | |||
| 10. | Net (expenditure)/income | |||
| Net (expenditure)/income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Foreign exchange differences | (8) | – | ||
| ============== | ============== | |||
| 11. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 2,220 ======================= |
2,100 ======================= |
12. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Creditors: amounts falling due within one year
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 2,099 | 1,800 | ||
| Accruals and deferred income | 2,220 | 2,100 | ||
| ----------------------- | ----------------------- | |||
| 4,319 | 3,900 | |||
| ======================= | ======================= | |||
| Creditors: amounts falling due after more than one | year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 149,513 | 118,231 | ||
| ================================ | ================================ | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At 01 | At 31 | |||
| Apr 2024 | Income | Expenditure | Mar 2025 | |
| £ | £ | £ | £ | |
| General funds | (111,080) | 237,677 | (275,341) | (148,744) |
| ================================ | ================================ | ================================ | ================================ | |
| At 01 | At 31 | |||
| Apr 2023 | Income | Expenditure | Mar 2024 | |
| £ | £ | £ | £ | |
| General funds | (171,545) | 249,559 | (189,094) | (111,080) |
| ================================ | ================================ | ================================ | ================================ |
15. Creditors: amounts falling due after more than one year
16. Analysis of charitable funds
Unrestricted funds
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British Friends of Rinat Aharon
Notes to the Financial Statements (continued)
Year ended 31 March 2025
17. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Current assets | 5,088 | 5,088 |
| Creditors less than 1 year | (4,319) | (4,319) |
| Creditors greater than 1 year | (149,513) | (149,513) |
| -------------------------------- | -------------------------------- | |
| Net liabilities | (148,744) | (148,744) |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Current assets | 11,051 | 11,051 |
| Creditors less than 1 year | (3,900) | (3,900) |
| Creditors greater than 1 year | (118,231) | (118,231) |
| -------------------------------- | -------------------------------- | |
| Net liabilities | (111,080) ================================ |
(111,080) ================================ |
18. Related parties
There were no related party transactions during the year.
19. Taxation
British Friends of Rinat Aharon is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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