CHARITY REGISTRATION NUMBER: 1109229 BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Financial Statements 30 June 2023 G A HARRIS & CO LIMITED Chartered accountants & statutory auditor B wlimar House Jubilee Road, Middleton, Manchester England M24 2LX
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Financial Ststements Year ended 30 June 2023 Page Trustees, annual report Independent auditor's report to the members Statement of financial activities Statement of financial position statement of cash flows 10 11 Notes to the financial statements 12
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Trustees, Annual Report Year ended 30 June 2023 The trustees present their report and thè financial statements of the charity for the year ended 30 June 2023. Reference and admlnlstratlve detalls Registered charity name BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Charlty reglstralion number 1109229 Principal office 15 Alba Gardens London NVV119NS The trustees Julian Bamberger Joel Aaion R3binowitz Abigail Bamberger AudEtor G A HARRIS & CO LIMITED Chartered accountants & slalutory auditor Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX Bankers National Westminster Bank PIC PO Box 12263 1 Princes Street London EC2R 8PH
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Trustees, Annual Report{¢ontlnued) Year ended 30 June 2023 Structure, govemanee and management British Friends of Igud Hakolelim B'yerushalayim is a registered Charity, registration number 1109229, and is governed by a éeed dated 4th April 2005. The day lo day affairs of the charity are run by the tM)ard of trustees which is chaired by Rabbi Joel Aaron Rabinowitz. Objectlve8 and actlvltlè8 The objectives of the chaiily are the furtherance of Jewish religion and Jewish religious educalion an the alleviatn of poverty among the Jewish community throughout the world. How our aclivibes achieve public benefrfc '. The Charity carries out a range of activities in pursuance of its charitable aims. The Trustees wnsider that these 8cbvities, surnmarised below, provide benefit ID the communities in which they are Involved. The main activity of the charity is the upkeep and maintenance of a number of registered charities in Israel. These charities are all involved in supporting individual families lo advance their Jewish feligious education. These families are in dire need of financial assistance and proposed recipients are assessed in Ofdef lo meet these needs. Help is also given lo those who require medical assistance. The Trusts main souree of income is from donations. The Trusfs policies have remained the same throughout the year. Achlevements and performance During the year the charity received donations of £1,201,32312022'. £849.2481 and donated £1,062,714 12022.. £,835.8161 to institutions in Israel that support families lo advance their Jewish religious education. This has enabled Inslilulions lo carry on iheir charitable acbvilies and significantly improve the lives of their beneficiary and students.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Trustses, Annual Report (contlnued) Year ended 30 June 2023 Financial review Reserves policy It is the policy of the charity lo maintain unrestricted funds, which are the free reserve of the charity. al a level which the trustees think appropriate after Considering the future commitments of the charity and the likely adminislrah.ve costs of the charity for the next year. The Ituslees believe that reserves of £312.309 12022.. £176,141) are sufficient as it has very little administrative expenses and does not have any binding future commitments. As al 30 June 2023 the charity had £312.309 unrestricted funds. Risk Policy The trust has assessed the major risks to which Il is exposed in particular those relating lo the operation5 and fInanS of the Trust, and is salish.ed the systems are in place lo mitigate its exposure to those risks Plans For Future Periods The charity will continue lo further ils objeelives of acjvancing and furthering Jewsh religion and Jewish religious education by offering financial assistance to various institutions in Israel which have the same objectives. The tr(Jstees are most grateful lo all their regular donors and hope that they will continue lo support this charity The trustees are also hoping that the current donors will introduce new potential donors. Disclosure of Informalion lo Auditors So far as each Iruslee al the date of approval of this report is aware.. there is no fftlevant audit information of which the charity's auditors are unaware, and the Iruslees have taken all steps that they ought lo have taken lo make themselves awar6 of any relevant audit information and lo establish that the auditors are aware of the informalion. Tru5tees' responslbllltles statement The Iruslees are responsible for preparing the Iruslees, report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Acpt Accounting Practs"cel. The law applicable lo charrties in EnglanLI and Wales requires the charity Iruslees to prepare financial slalemenls for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources. ol the charity lor that period.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Trustees. Annual Report(contlnu Year ended 30 June 2023 In preparing these financial stalementg, the trust¢es are required lo. select suilsble accounting poli¢ies and then apply them wnsistenlly,. observe Ihe methods and principles ITr the applicable Charities SORP., make jLidgmenls ano accounting eslimales th81 are reasonable and prudent., state whether applrable U K Accounting Standards have b&en follow*3d, subject lo any Material departurès disclosed and explained in the financial statements, prepare the financial 5ts1em&nls on the going concern basis unless il is inappropnale lo presume Ihal the charity will continue In business. Iruslees are responsible lor keeping adeqiiale accounting r6cords that are suffiuenl Ic> show aNJ explain the ¢harity's tiansactions aia disclose with reasonable accuracy at any bme the financial [Sition of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulalk)ns, and the provisions ol the Trust Deed They are also resp(sible for safeguarding thè assets of the charity and hence for tsking re850nable steps for the prevention and detection DI fraud and other Iiregularittes. The trustees, annual report was epproved on 10 September 2025 and signed on behalf of th¢ board of Iwstees b Jul Tr an Bam slee er
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Independent Auditor's Report to the Members of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Year ended 30 June 2023 Opinion We have audited the financial statement5 of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM (the 'charity'} for the year ended 30 June 2023 which comprise the stslement of financial aclivilies, statement of financial position. statement of Cash flows and the relaled notes, including a summary ol signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accountsng Praclieel. In our opinion the financial statements. give a true and lair view of the slate of the charity's affairs as at 30 June 2023 and of ils incoming resources and application of resources, including its income and expendlture, lor the year the ended", have been properly prepared in accordance with United Kingdom Generally Accepted Aceounling Practice". have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilib'es under those standards are further described in the audilorts reswnsibilities for the audit of the financial slalements section of our rewrt. Vve are independent ol the charity in acco¥dan¢e with the ethical quiremenls that are felevanl to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in 3ccord3nce with these requirernents. We believe that the audit evidence we havè obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating ¢0 going concern In auditr'ng the financial slalemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events Dr conditions that, individually or collectively, may cast signrficant doubl on Ihe charity's ability to continue as a going concern for a perio(J of al least twelve mnlhs trom when the financial statements are authorised lor issve. Our responsibilities and the responsibilities of the trustees wth respect to going concern are described In the relevant sections of this report.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Independent Auditor's Report to the Members of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM (conrtlnu6d) Year ended 30 June 2023 Other infoatIOn The other information comprises the information included in the annual report. other than the financial slalernenls and our auditor's report thereon. The Iruslees are responsible for the other Information. Our opinion on Ihe financial statements does not cover the other information and. except lo the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the fi'nancial slalemenls, our responsibility is lo read the other information and, In doing so. consider whether the other informab'on is materially inconsislenl with the financial slalemenls or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether there is a material misslalemenl in the financial stslemenls or a material misstatement of the other lnfomialn. If, based on the work we have performed, we concludé that there is a material misslalemenl of this other Infomialion, wè are required lo report that fact. Vve have nothing to report in this regard. The accounts for the previous year, 30 June 2022, did not require an audit, as the donations received were below the prescribed threshold Matters on whlch we are required to rèport by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misslatèmenls in the Iruslees. report. We have nothing lo report in respect ol the following matters in relalion to which the Charities (Accounts and Reports) Regulations 2008 requires us lo report lo you if, in our opinion.. the information given In the trustees, report is inconsistent in any materral respeel with the financial stalemenls," or adequate accounting recoids have not been kept,. or Ihe financial slalemenls are not in agreement with the accounting records and retums., or we have not received all the information and explanations we require for our audrt. Re8pons5bS1itigs ol trustees As explained More lully in the Iruslees. responsibilits'es slalemenl, the trustees are responsible for the preparation of the financial statements and lor being satisfied that they give a true and fair view, and for such internal control as the trustees dètermine is necesg2ry to enable the prèparatr.on of linancial statements that are free from materi21 misstalemenl, whether due lo fraud or error. In preparing the financial stalemenls, the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing. as applicable, mallers related to going concem and using the going concern basis of accounting unless the trustees either intend lo liquidate the charity or lo eease operations, or have no realistic alternative bul to do so.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Independent Auditor's Report to the Members of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM (contlnuedl Year ended 30 June 2023 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not 8 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 taken on the basis of these financial slalemenls Irregularities. including fraud, are Instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misslalements in respect of irregularities. including fraud. The exlenl to which our procedures are capable ol deteeling irregularities, including fraud is detailed below.. We obtsined an understanding of the legal and regu1210ry framework that the British Friends 01 Igud Hakolelim B'yerushalayim operates in, and identified the key laws and regulations that had a direct affect on the delerminalion of material amounts and disclosures in the financial slatemenls. These included the UK Companies Acl and tax legislation, and do not have a direct affect on the financial slalemenls but compliance with which may be fundamental to the charity's ability lo operate or lo avo a a material penalty. As part of an audit in accordance wilh ISAS (UK), we exercise professional judgment and maintain professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misslalemenl of the financi21 staternenls, whether due to fraud or error, design and perform audit prOdureS responsive 10 those risks. 2nd obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk ol not detecting a material misslalermenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, inlentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of Internal control relevanl to the audrt in order lo design audit procedures that are appropriate In the circumslanees, bul not for the purwse of expressing an opinion on thè effectiveness of the internal control. Evaluate the appropriateness of accounbng policies used and the reasonableness of accounting estimates and related disc105ures made by the trustees. Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting and. based on thè audit evidence obtained, whether a material uncertainty exists rèlated lo events or condilions that may cast Signifi.nI doubt on the charity's ability to continue as a going COnM. 11 we conclude that a material uncertainty exists, we are required to dr3w attention in our auditor's report lo the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However, future events or conditions may causè the charity lo cease lo continue as a going concern. Evaluate the overall presentation, structure and content of the financial slatemenls, including the disclosures. ané whether the financial s18lemenls represent the underlying transactions and events In a rnanner that achieves fair presentation.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Independent Auditor's Report to the Members of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM (eontlnu8d) Year ended 30 June 2023 We communicate with those charged with govemance regarding, among other matters. the planned gcope and timing of the audit and significant audit findings, including any significant deficiencies in iTrlemal control that we identify during our audit. U¥e of our report This report is made solely to the charity's members, as a body, in accordance with Part 4 of the Charities IAccoLJnts and Report5} Regulations 2008 Our audit work has been undertaken so Ihal we might stale to the charity's members those matters we are required to stale to them in an audilorfs report and for no other purp)se. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have formed. G A HARRIS & CO LIMITED Chartered accountants & slalutory auditor Brulimar House Jubilee Road. IAiddleton, Manchester England M24 2LX 10 September 2025 GA Harris Limited is eligible lor appoinlrnent 2s auditor of the charity by virtue of ils eligibility for appoinlrnenl as auditor of a company under section 1212 of the Companies Act 2006
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Statsment of Financial Activities Year ended 30 June 2023 2023 Unreslricled funds Total funds 2022 Total funds Note Income and endowments Donations and legacies Total income 1.201,323 1,201,323 849,248 1,201,323 1,201.323 849,248 Expenditure Expendilure on ¢hari18ble activities Total expenditure 1.065,155 1,065,155 837, 136 1,065,155 1,15,155 837, 136 Net Income and net movement In fund8 136,168 136,168 12,112 R9conciliation of funds Total funds brought forward Total funds Carried forward 176,141 176,141 164.029 312,309 312,309 176,141 The statement of financial activrties includes all gains and losses recognised in the year. l income and expenditure derive from continuing activities The notes on pag•A 12 to 17 fomi part of these flnanclal statements.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Statement of Financial Poslllon 30 June 2023 2023 2022 Note Current assots 1nveslmenls Cash at bank and in hand 11 200,OOLI 205.392 200,000 77,075 405,392 277.075 Credttors: amount8 falling due wSthln one year Net current assets 12 3,120 2,640 402,272 274,435 Total ass8ts 1•$5 current IlabllItre$ 402,272 274,435 Crodltors: amounts falllng due after morè than one year Net assets 13 89,963 98,294 312.309 176,141 Funds ol the Charlty unStrICted funds 312,309 176,141 Total charity fund$ 14 312.309 176,141 These financial slalemènts were approve(J by the board of twslees 2nd aulhorised for issue on 10 September 2025, 8nd are signed on behalf of the board by.. Julian va The notss on pages 12 to 18 fgmi part of these financial stalements. 10
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Statement of Cash Flows Year ended 30 June 2023 2023 2022 Cash flows from operatlng actlvltles Nel income 136,168 12,112 Changes in.. Trade and other creditors Cash generated from operations Nel cash from operating activities 17,8511 128,317 24.311 36,423 128,317 36,423 Net increase in cash and cash equlvalents Cash and cash equlvalents at beglnnlng ofyear Cash and cash equlvalents at end of yoar 128,317 77,075 36.423 40,652 205,392 77,075 The notes on page8 12 to 17 lonn part of these flnancial statements. 11
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Financial Statements Year ended 30 June 2023 General infomiation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address ot the principal office Is 15 Alba Gardens, London. NW119NS. Statement of compllanee These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Slandarrj applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice 8pplieable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Icharities SORP {FRS 102}l and the Charities Act 2011. Accounting polieies Basis of preparation The financial stslements have been prepared on the historical cost basis. Golng eoneern There are no material uncertainties about the chaiity's ability to conlinue. Judgements and key sources of estlmatlon uncertalnty The preparalion of the financial st8lemenls dKI not require management to make judgements, eslimales or assuMptnS that affect th& amounts reported. Fund aceountlng Unres111cled funds are available ft)r use al the discretion of the trustees lo 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 lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classe5." restricted income funds or endowrnenl funds. 12
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Flnancial Statements (eontlnugdj Yèar ended 30 June 2023 A¢counting pollcie8 (continued) Incomlng resources All incorning resources are included in the statement of financial activities when enlillemenl has passed to the charity., it is probable that the economic benefits associated wrth the Iransaclion will flow lo the charity and the amount can be reliabty measured. The following specific policies are applied lo particular categories of Income.. income from donations or grants is recognised when there is evidence of enbtlemenl to the grft, receipt is probable and its amount can be measured reliably. legacy income is reeognised when receipt Is probable and enlitlemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is dÈrtved from the cost to the donor or the eslimaled resale value. tk)nated facilities and seNices are recognised in the accounts when received if the value Can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This Is classified as unreslricled funds unless there is a conlraclual reqtjiremenl for il lo be spent on a parh'cular purpose and relumed if unspent, in which case il may be regarded as restricted. Resources gxpended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfied under headings of the slalemenl of fin2ncial a¢bvilies lo whieh il relates.. expenditure on raising funds includes the Costs of all fundraising activities, events, non- charitable trading a¢iivilies, and the sale of donated goods. expenditure on charrtable 8etivilies includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficianes, including those s(Jpport costs and costs relating lo the governance of the charity apportionecl lo charitable aelivilies. other expenditure includes all expenditure that is neither related to raising funds for the chanty noi part of its eXndItre on eharilable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contribute lo on a reasonable, justifiable and consislenl basis. Flnanclal instruments A financial asset or a financial liability Is recognised only when the Gharily becomes a paty to the onlra¢lual provisions of the instrument. Basic financial Instruments are initially recognised al the amount receivable or payable Including any related Ifansaction costs. 13
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Financial Statements lconllnuedl Year ended 30 June 2023 Aceounting policles (continuedj Financlal Instruments (continuéd) CLJrrenl assets and current liabilities are subsequenlly measured at the cash or other consideTabon expected lo be paid or received and not discounted. Debt Inslnjments are subsequently measured at 8mortised cost, Where investments in shares are publicly traded or their fair value can olheNise be measured reliably, the investmènt is subsequently measured al fair value with changes In fair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impairment Other financial inslrurnenls, including derivatives, are initially recniSed al fair value, unless payment for an asset Is defeired beyond normal business terms or fr"nanced al a rale ol interest ihai Is not a marKei rate, in which case the asset is measured al the present value ol the future payments discounted al a market rale of interest for a similar debt instrument. Other fin8ncial instruments are subsequently measured al fair value, with any changes recognised in the statement of financial activities, with the expIlo of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or arnortised cost are reviewed for objective evidence of impairment al the end of each reporting (Jale. If there is objective evidence of impairment, an impaiimenl loss is recognised under the appropriate heading in the statement of financial aelivilies in which the initial gain was recognised. For all equity inslrufflenls regardlèss 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 ol similar credit risk characlerislics. Any reversals of impairment are recognised immediately, lo the extent that the rever581 does not result In a carrying amount of the financi81 asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacies Unreslricled Total Funds Unreslricled Total Funds Funds 202) Funds ZOZ2 Donatlons Donations 1,201,323 1,201,323 849,248 849,248 Expenditure on charltable actlvltles by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Furtherance of Jewish Religion an education Support costs 1,062,714 2,441 1,062,714 2,441 835,816 1,320 835,816 1,32Q 1,065.155 1.065 155 837. 136 837,136 14
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Financial Statements (conlinue Year ended 30 June 2023 Expenditure on charftable activltlès by acttvity type Activities undertaken directly Support Totsl funds costs 2023 Total ftjnd 2022 Furtherance of Jewish Religion and education Governance costs 1,062,714 1,062,714 2,441 835,816 1,320 2,441 2,441 1,062,714 1,065.155 837, 136 Audltors remuneratlon 2023 2022 Fees payable for the audit of the ff nancial slalemenls 2,160 Independent examinatlon fees 2023 2022 Fees payable to the independent examiner for.. Independent examination ot the financial Statements 600 Staff costs No salar(es or wages have been paid lo employees, Including the members of the committee, during the year. 10. Trustee remuneration and expenses No trustees received any remuneration during the year. 11. Investments 2023 2022 Renslade Limited 200,000 200,000 The investment comprised 100'/0 ownership of the shares in Renslade Limited. a company holding an investment property. The investment policy is lo show investments al their hisloiical value. The shares were gifted lo the charity in 2016. The Investment property was sold in January 2025, with pr(Keeds of £272,302 rernilled lo the charity prior lo the closure of the investment company 12. Creditors: amounts falling duè within one year 2023 2022 Trade creditors 3,120 2,$40 15
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Financial Statements Iconiinued) Year ended 30 June 2023 13. Creditors- amounts falling due after more than one year 2023 2022 Other creditors 89.963 98,294 The loan to the charity is from a 1 OOQA owned subsidiary Renslade Limited. The loan is repayable on demand and not interest bearing. In 2025 Renslade Limited sold the investment propety and as part of its dissolution process did not pursue the charity for repayment of this loan. 14. Analysis of charltable funds Unrèstricted funds At 30 Jvno 202 At 1 July 2022 Income Expenditure General funds 176,141 1,201.323 11,(65,1551 312,309 Al 1 July2021 Al Income Expendilure 30 June 2022 General funds 164,029 849,248 1837,1361 176,141 15. Anatysis of net asset8 botween funds Unre51ricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 200,000 205,392 13,1201 189,9631 312 309 200,000 205,392 13,1201 189,9631 312.309 ilnrestricled Totsl Funds Funds 2022 Investrnenls Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 200,000 77,075 12.6401 198,2941 176.141 200.000 77,075 12,6401 198,294} 176,141 16
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM Notes to the Financial Statements {conifvuedl Year ended 30 June 2023 16. Analysls of changes In net debt At At 1 JLJI 2022 Cash flows 30 Jun 2023 Cash al bank and in hand Current asset investments 77.075 200,000 277,075 128,317 205,392 200.000 128,317 405,392 17